BUZZ-USD/JPY on back-foot after Trump sworn in, sell the fact?
USD/JPY on the back foot in Asia, 155.64 to 155.18 EBS, sell the fact?
Trump sworn in as new US president, various non-trade policies announced
Market also awaiting BOJ decision Friday, Fed to cut in March?
Indications JGB-US Tsy yield differentials still well below recent highs
Differentials may actually be lower with US rates looking easier
US Treasury 2s @4.224%, 10s @4.553%, JGB 2s @0.665%, 10s @1.181%
USD/JPY towards 154.79 ascending daily 55-DMA, Ichimoku kijun 156.02 above
Hourly shows spot now tracking away from 155.77-85 flat, Ichimoku cloud
Support around 155.00, 154.98 low Jan 17, break targets 154.45 Dec 19 low
Massive option expiries above - 155.95-156.05 $2.6 bln, 156.45-50 $1.3 bln
Expiries above and look to help any spot retracements up for now
Japanese importer buys eyed into Tokyo fix but may not stop more losses
Related comments nL2N3OG0BO, nL2N3OG09I, nL2N3OG07U, nL5N3OF0F7
Also nL2N3OG0I1, nL2N3OG0EU, nL2N3OG0AV
Markets nL2N3OG0KL, nL3N3OG0IS, nL3N3OG0IQ, nL2N3OG016, nL3N3OG126
Trump-trade nL2N3OG0GO, for more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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