Bids 96.00, 96.20/30 and 96.40/50 – there is some buying at 96.80/90, we’ve already seen it down there once since NY close, they aren’t of convincing size though … I think perhaps unlikely to hold there if retested with any gusto.
Offers 97.35/45, 97.85/95
JGB futures open in Singapore at 2350GMT and then the Tokyo Stock Exchange opens at 0000GMT. I’ll be keeping an eye on the Nikkei movements (as, I imagine, will many yen market participants) for USD/JPY directional clues and responses.
