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Forex Flash: 10-year US treasury profile – RBS

FXstreet.com (Barcelona) - The market continues to see a 1.72% to 2.15% range in 10-year US Treasuries, perhaps persisting through Q2. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years while near-term support is 1.83% - our bias remains to modestly lower yields in the near-term because positioning is favorable (short) and medium-term charts are turning bullish for the first time since early December.”

Treasuries are a hair cheaper as an uptick in EU and US stocks and tighter peripheral spreads weigh on the safe haven markets. Total Treasury inter-dealer broker volume perked up to 110% of the 10-day average through this morning.

Forex Flash: Investors seek tail-risk removal from Eurozone – UBS

On a structural level, the European asset selling couldn't have come at a worse time. “The 'risk-on' moves in the beginning of the year, where overseas investors returned to what they perceived as an undervalued but high-(dividend) yielding market was a major source of support for the currency.” Notes Research Analyst Gareth Berry at UBS.
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Forex Flash: What to do with the USD/JPY? – Danske Bank, Commerzbank and BTMU

The BoJ will hold its 2-day meeting tomorrow and all the eyes will be upon the new Governor H.Kuroda and his long-waited announcements regarding measures to achieve the new 2% inflation target...
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