USD/JPY higher on bump up in US rates, on more tariff talk

ReutersJan 23, 2025 12:25 AM

USD/JPY up on a number of factors including bump up in US yields
More Trump tariff talk too as well as demand related to Wall Street surge
S&P 500 up to a fresh record high on Netflix earnings, AI stock demand
Japanese new NISA-related investment flows may have played a part
USD/JPY towards top of current core range @157 eyed by many Tokyo players
With bounce, base of range confirmed in area of 55-DMA at 154.89, just below
Spot off a tad from 156.71 high in New York, Asia so far 156.41-51 EBS
Trading so far mostly in area of descending 200-HMA now at 156.48
US ylds supportive, Tsy 2s @4.297%, 10s @4.607%, JGB 2s @0.687%, 10s @1.187%
Option expiries today 156.00 $1 bln, 156.15 $732 mln, 156.50-60 $783 mln
And 157.00 $712 mln, nearby expiries likely to help contain spot action
Related comments nL2N3OI0PZ, nL2N3OI0IZ, nL2N3OH0IA, nL2N3OI020
Also nL2N3OI0WZ, nL2N3OI0J6, on Trump policies nL2N3OI0QJ
US markets nL2N3OI0Q3, nL2N3OI10F, nL3N3OI17U, nL2N3OI04J
For more click on FXBUZ

USD/JPY: https://tmsnrt.rs/4gZGaQK

USD/JPY nearby option expiries till month-end: https://tmsnrt.rs/40HpFDi

JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/3PO4M30

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Reviewed byTony

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

What Is Palantir? Can Palantir’s Stock Price Return to $200 in 2026?

TradingKey - In today’s highly competitive technology landscape, Palantir (PLTR), as a company with a core focus on big data and artificial intelligence, has garnered widespread attention through its unique technological advantages and market positioning.

Micron Plunges 10%, Earnings Beat Expectations, Stock Price Falls 30% Consecutively, Can AI Memory Chips Still Be Bought?

TradingKey — Micron Technology’s (MU) recent stock price performance has become a microcosm of shifting sentiment within the AI memory sector. Despite reporting robust earnings, the stock has weakened steadily following the announcement, marking a cumulative decline of nearly 30%. The market is now

IREN, NBIS, and CRWV: The Rise of Neoclouds in the AI Infrastructure Boom

Iris Energy (IREN), Nebius (NBIS) and Coreweave (CRWV) are frequently grouped due to their shared focus on AI infrastructure

Hedge Fund Tycoon Calls ‘Ten-Fold Opportunity,’ Fannie and Freddie Shares Both Surge Over 45%.

TradingKey - During Monday's U.S. Eastern trading session, shares of U.S. mortgage giants Fannie Mae and Freddie Mac experienced a rare surge, boosted by public bullish comments from renowned hedge fund manager Bill Ackman. Fannie Mae (FNMA) shares soared by more than 50%, while Freddie Mac (FMCC) jumped approximately 47%, becoming the focus of the market.

Bitcoin Price Analysis: What Is to Stop BTC from Making Another Run at All-Time Highs in 2026?

This strategic analysis covers institutional BTC price targets from JPMorgan and Fidelity, the impact of the U.S. Strategic Reserve, and whether the four-year cycle is broken. Stay updated on BTC to USD trends and key market risks.

Tradingkey

KeyAI

