Morning briefing: Euro remained stable but is headed to 1.0700

Good Morning! USDJPY and EURJPY have risen to test our mentioned targets of 156/157 and 168 respectively.

holds above 7.22 and can further test 7.23-7.24 in the coming sessions. Aussie can fall to 0.65 if it does not see an immediate rise from current levels while Pound could hold above 1.2450 for a couple of sessions before falling towards 1.24/2350 before bottoming out in the medium term. could dip to 89.50/20 while below 90.

is likely to hold within the range of 83.57/55-83.40/30. The US Treasury yields have bounced back. But a strong follow-through rise from here is needed to move further higher. Else a fall to test their supports cannot be ruled out. The German yields are bouncing back from their key supports. While this sustains, there is room to rise more from here. The 10Yr and 5Yr GoI have inched up. But a strong follow-through rise from here is needed to avoid the fall and resume the uptrend from here itself.

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