ENERGY: Energy from Overseas, Incl Sakhalin, Important for Japan: Ministry
Nov-28 08:35
Securing energy from overseas, including from the Sakhalin Project, is extremely important for Japan's energy security, Japan's industry ministry said cited by Reuters.
- The US sanctions which came into effect on Nov. 21 included Rosneft, a key shareholder in the Sakhalin-1 project.
- "We will take necessary measures to ensure that Japan's stable energy supply is not compromised," the statement added.
- The ministry declined to comment specifically on the impact of sanctions impact on the project.
- Japanese government officials have repeatedly stated Japan would find it difficult to quit Russian energy but last month the economy minister said Japan had been “steadily reducing its dependence on Russian energy.”
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Historical bullets
EURIBOR OPTIONS: Call Spread buyer
Oct-29 08:32
ERM6 98.25/98.37cs, bought for 2 in 5k.
EURGBP TECHS: Resumes Its Uptrend
Oct-29 08:29
- RES 4: 0.8865 1.764 proj of the Sep 15 - 25 - Oct 8 price swing
- RES 3: 0.8848 1.618 proj of the Sep 15 - 25 - Oct 8 price swing
- RES 2: 0.8835 High May 3 2023
- RES 1: 0.8803 1.236 proj of the Sep 15 - 25 - Oct 8 price swing
- PRICE: 0.8801 @ 08:29 GMT Oct 29
- SUP 1: 0.8751 High Sep 25
- SUP 2: 0.8710 20-day EMA
- SUP 3: 0.8688 50-day EMA
- SUP 4: 0.8656 Low Oct 8 and a key support
A bull trend in EURGBP remains intact. Tuesday’s strong gains resulted in a clear break of resistance 0.8769, the Jul 28 high and a bull trigger. This confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. The 0.8800 handle has been pierced, sights are on 0.8835, the May 3 2023 high. Initial support lies at 0.8751, the Sep 25 high.
SONIA OPTIONS: Adding to the Call Spread buyer
Oct-29 08:29
SFIX5 96.40/96.50cs, bought for 0.5 in 7k Total.
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