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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

TURKEY
  • USD/TRY opens higher towards 7.50 on weaker local sentiment following last week's Erdogan comments and a slightly firmer USD.
  • Focus this week will be on the CBRT and EU/NATO talks as political risks build around East Med tensions.
  • Move through 7.5109 would be a psychological blow for the cross, opening up a more comprehensive move higher towards 7.6230 resistance.
  • Blowout in regional relations could also adversely affect TRY sentiment, with markets focused on Turkey's ambitions to expand its borders and drill in disputed water the key pivot point.
  • Res1: 7.6230, Res2: 7.6711,
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com