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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

DOLLAR-YEN
DOLLAR-YEN: USD/JPY dealing a handful of pips lower than closing levels at
Y107.72 at writing.
- The uptick in Tsy yields allowed the rate to recover on Wednesday, outweighing
the largely negative performance of global equity markets, although resistance
in the form of the Jun 05 low and 200-hma capped gains and provide initial
resistance today. Bears target a move back under Y107.00 which would bring the
Jun 25 cycle low & 76.4% retracement of the Jan 3-Apr 24 rally back into view.
- Local Japanese interest comes in the form of retail sales and an address from
BoJ Deputy Governor Wakatabe later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com