The well reported expiries at 103.00 today may yet still prove to be a magnet at the top of the hour but there’s plenty of selling defence in place ahead at 102.80 all the way through.
There are more 103.00 expiries lined up next week so it’s not exactly a deal breaker if it doesN’t get breached today. And don’t forget there’s the not inconsequential matter of the 97-104 DNT option which, allegedly, China still has in place.
Everything still to play for, as they say.
