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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

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USD/JPY Fades Initial Uptick

DOLLAR-YEN

USD/JPY has faded its initial uptick, registered on the back of demand for USD stemming from the PBoC move outlined earlier. The rate last trades at Y105.65, marginally above neutral levels.

  • Bears would be pleased by a drop through Oct 2 low of Y104.94, a key near-term support, followed by Oct 22 low of Y104.41. Bulls look to take out Oct 7 high of Y106.11, which would bring Sep 8 high of Y106.38.
  • Japanese PPI, core machine orders and flash machine tool orders are due later today, final industrial output comes out Wednesday
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

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