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AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

AUSSIE 10-YEAR TECHS

(M1) Resistance Remains Intact

FOREX

USD was offered amid a rebound in gold prices, falling U.S. Tsy yields and continued deadlock in U.S. fiscal negotiations. DXY ebbed below yesterday's worst levels, steadying as e-minis swung into a loss, generating some safe haven demand. News flow was relatively thin, providing little in the way of immediate impetus.

  • NZD was the worst G10 performer after BBG run headlines from an interview with RBNZ Chief Economist Ha, who said that New Zealand's central bank would prefer a weaker exchange rate.
  • AUD popped higher on the back of a strong Australian labour market report. The Aussie faded gains as its Antipodean cousin remained pressured, the yuan gave away earlier gains, while participants realised that the jobs report covered the period before the implementation of a fresh Victoria lockdown.
  • IDR softened ahead of Friday's budget announcement from President Joko Widodo, with Bank Indonesia intervening directly in FX
  • U.S. initial jobless claims, final German CPI and comments from Fed's Bostic & Brainard take focus from here.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com