BUZZ-USD/JPY holding in tad lower range with 55-DMA base
USD/JPY looks to have bottomed for now, base at 154.81 ascending 55-DMA
Swoon yesterday to area of 55-DMA, bounce since, Asia today 155.60-82 EBS
Spike high yesterday 156.24, high Monday 156.56, likely near-term cap
Market still on tenterhooks on Trump policy moves, initiatives
No other Trump tariff measures so far aside from those on Canada, Mexico
USD/JPY currently holding near base of 155.77-96 hourly Ichimoku cloud
Cloud to ratchet down a bit, 55-HMA in cloud at 155.82, 100-HMA 155.79
Option expiries today 155.00 $325 mln, 155.50-60 $1.5 bln, 156.45 $610 mln
155.00 likely to remain point of contention option-wise, $2.2 bln tomorrow
Steady short US rates, lower long yields to help cap USD/JPY for now
JGB yields steady well below recent highs, 2s @0.667%, 10s %1.180%
Related comments nL2N3OH0X9, nL2N3OH0MA, nL2N3OH0JB, nL2N3OH0F6
And nL2N3OH0FR, also nL2N3OH14J, on Fed nL1N3OC0SU, Trump nL2N3OH11U
US markets nL2N3OH0YD, nL2N3OH15S, nL3N3OH1DV, nL2N3OG117
Also nL2N3OG0NW, for more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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