BUZZ-USD/JPY off leg on lower US rates, as trade concerns ease?
USD weaker on a broad front overnight, leads to leg down in USD/JPY
Unsure whether easing concerns over US trade tariffs warranted
US yields also easier, Treasury 2s @4.227%, 10s @4.526%, JGB yields firmer
More narrowing of Japan-US interest rate differentials, in 10s @322 bps now
USD/JPY from 155.52 to 154.18 yesterday, Asia 154.04-45 EBS so far
Recent dips have seen support sub-154.00, multiple lows to 153.72 Jan 27
Daily Ichimoku cloud between 153.37-155.20 providing cushion of sorts
200-DMA below at 152.80, 100-DMA at 152.74
Decent demand eyed at today's Gotobi Tokyo fix, mix of importers, others
Option expiries supportive too, 153.15-25 total $2.2 bln, 154.00 $1.3 bln
Topside expiries today 155.00-20 total $613 mln, 155.60-62 $930 mln
Plenty of US-Trump news again for market to digest
Related comments nL1N3OV0UQ, nL1N3OV0BU, nL8N3OU0Y6, nL1N3OV02J
Also nL1N3OV14E, Fed-speak nS0N3NZ08O, on US economic data nL1N3OV0S0
US markets nL1N3OV0WT, nL1N3OV1AI, nL4N3OV1DI, nL1N3OU1DU
Trump news nL1N3OV0BL, nL1N3OV0TU, nL1N3OU0T9 and nL4N3OV0T4
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