* Treasury futures gapped higher after lower than expected jobs gain for July, June gains sharply ...
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June’s Treasury coupon auctions were mixed, with four trading through and three tailing.
June Auction Review:
The trend set-up in EURJPY remains bullish and the cross is trading just below its latest highs. Recent gains resulted in a break of 166.69, the Oct 31 ‘24 high. Scope is seen for a climb towards 170.47, a key Fibonacci retracement point. Note that the uptrend is in overbought territory, a pullback would unwind this condition. Support to watch lies at 167.41, the 20-day EMA. A break of the EMA would suggest potential for a deeper retracement.