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AUSTRALIA

Speculation Re: Sydney COVID Cases

AUSSIE BONDS

Futures Off Lows, Curve Still Steeper

US TSYS

Steady Start

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has added 10 or so pips, and last deals at ~Y113.90 after
Friday's bout of risk off flows allowed the cross to close below Y114.00.
- This quelled bullish optimism after the close above the figure Thursday, with
bulls continuing to look to the Oct 04 high at Y114.55. More immediate
resistance is located at the multi-year 23.6% retracement of the move from
Y75.35 to Y125.86 at Y113.94. Bears need a close below the 200-WMA to shift
momentum back in their favour.
- Japanese focus this week turns to domestic GDP data & BoJ Rinban operations.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com