Euro…130.60-70 acted as the downside pivot and first support on Friday. It will now act as the near term resistance.

USD/JPY…95.60 needs to be given to see further Yen strength ( App 104.60 H Futures)

EUR/JPY…put in a new high from last week by a few ticks. Sustaining under 124.54 would lead to a further sell off. 123.10 is support Fib and Mvg avg support, which is now a big closing inflection level.

CAD/JPY…shows a similar pattern with 93.27 today’s ORL #. 9208 is first Fib support, however all the big momentum matches come in between 91.38-54 support area.

GBP/JPY…142.00 +- a few ticks becomes a key hold zone. By not recovering and closing over 142.80,
we’d look for this to mirror the other Yen crosses.

AUD/USD…103.62 is resistance and the the closing upside monthly pivot. On a daily basis maintaining over 102.80 is price positive.

Nasd 100…(H)needs to maintain and close under 2792 for profit taking.
Spu’s… the (H) level today remains the 1545-46 level to maintain.

Oil…needs to maintain over 92.50-70 for more upside.

Gold…has finally got off the mat, for at least the A.M., running the near term buy stops.
The macro levels have not changed in the precious metals.

30 yr…(H) 142.26 is the ORH # for today. Pay attention to this level as it will run the Spreads vs. the equities and also be a driver for the Yen crosses.

General Comments…

Keep a weather eye on the Bonds and the Yen today. This is where you’ll see your market tells. The Dollar has been following the Long Bond..Bond futures up = weaker Dollar, just as Friday’s sell off in the 30 yr. led to a screaming Dollar ( Euro & Yen Down)

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