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JPY

Slow Start To Friday Trade

AUSSIE BONDS

Benefitting From Bid In U.S. Tsys

US SWAPS

TD Enter 5-Year SOFR Swap Spread Tighteners

US TSYS

Early Bid Holds

SCHATZ TECHS
SCHATZ TECHS: (U18) 112.060 The Bar To Any Better Recovery
*RES 4: 112.170 50% of 112.420/111.910
*RES 3: 112.150 Initial pullback low May 29, now resistance
*RES 2: 112.110/120 38.2% of 112.420/111.910, May 31 high
*RES 1: 112.060 Jun 5, Jun 8 highs
*PRICE: 112.000 @0815GMT
*SUP 1: 111.970/980 Hourly support
*SUP 2: 111.950 Initial rally high Jun 7, now support
*SUP 3: 111.910 May 23 high, Jun 7 low
*SUP 4: 111.880/890 76.4% of 111.710-112.420, May 21 high
*COMMENTARY* The 111.960-111.940 support finally gave way last week, which saw
the focus switch to the congested 111.910-111.880 area. The fall was held at
111.910 on Thursday and as a consequence, became oversold in the near term. Back
above 111.960-111.970 assisted with recovery but once again the 112.060 region
has proved a tougher proposition higher. In the meantime, 111.98-111.950 reverts
to support and protection against another move lower.