- Pair's bids likely to be reset at119.50, Japan's pension fund interest again tipped at 119.50
- Market supported by the rising trend-line from Jan 16 at 119.28
- Offers seen ahead of the 120.00 level; pivot weighs at 120.08 levels
- Spot still weighed by 5year UST/JGB spread yield; 30D correlation +0.73
- 5year UST/JGB spread yield still narrowing






