
USD/JPY off with US yields, as US tech stocks slide on China DeepSeek
US yields off a leg with Treasury 2s off to 4.169%, 10s to 4.498%
Some bounce seen into the New York close but the market remains wary
China's DeepSeek AI seen challenging US tech stocks, NASDAQ, S&P off large
Short-covering and haven flows into JPY and CHF ensued
USD/JPY as low as 153.72 before bouncing a bit, Asia so far 154.53-98 EBS
Market steadier but remains nervous, on thin side on Asia holidays
USD/JPY touched ascending daily cloud below overnight, today 153.29-154.08
Ascending 55-DMA now above at 154.96, market could be heavy 155.00+ now
Now flat hourly Ichimoku kijun line 154.98, descending 55-HMA 155.41
Large option expiries to upside now - 155.00 $368 mln, 157.50 $630 mln
Massive $1.6 bln in expiries tomorrow at 155.00, 155.00 now pivot?
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