EURJPY and USDJPY continue to move up targeting 170 and 157/158 respectively.
is headed to 7.24, which if breaks would open door for a rise to 7.25. Aussie may rise if support at 0.6650 holds. Pound may rise to 1.28 if it sustains above 1.27. Sell off seen in USDINR on Friday taking it below 83.40. There is scope for a test of 83.30/25 while below 83.40. is bearish while below 91. The bounce seen towards the end of last week on the US Treasury yields is sustaining well. Further rise happened yesterday. A break above the immediate resistance can take the Treasury yields further higher and will reduce the chances of the fall that we were expecting. The German yields continue to rise in line with our expectation. The bullish outlook is intact. The 10Yr and 5Yr GoI have moved up further.
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