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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

FOREX
FOREX: Westpac's G10 FX model notes that "the leap into AUD longs has proven
short-lived, the model 6% short after last week's 9% long, a weaker total yield
signal the main culprit (AUD/USD short term bond spreads hit new cycle lows last
week). The model builds substantially on last week's CAD long, lifting it
aggressively to 28%, stronger than expected GDP data and persistent gains in
energy prices via our short term logit probability based macro momentum signal
the main catalysts. The model's enthusiasm for the USD continues to ease, the
position down to 4% this week, mainly due to a weaker total yield signal as the
USD bullish momentum in short term yield spreads throttles back."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com