
Rallied up to Y163.50 after triggering stops through Y163.15/20, with
rate remaining buoyed just shy of best levels at time of writing. Techs note the move has so far stalled in line with the 76.4%
retracement of the move down from Y164.96 to Y158.67, adding the 10-day
momentum is now sharply higher in buy territory. Small offers now noted
into Y164.00, though little of any significance ahead of supply placed
around the April high at Y164.90/165.00.