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BUZZ-USD/JPY steadies above 151.00 on good Trump-Ishiba meet

ReutersFeb 10, 2025 12:34 AM

  • USD/JPY steadies above 151.00 after Friday plunge, Asia 151.20-89 EBS

  • Down to 150.93 Friday in NY, bounce since on short-covering, higher US rates

  • US rates see pop on what is considered a strong jobs report despite NFP miss

  • Fed sees US economy resilient, inflation sticky, likely on hold indefinitely

  • US Tsy 2s 4.212% to 4.296% Fri, 10s 4.428% to 4.515% but trend still down?

  • Any option barriers at 150.00 now history with move

  • USD/JPY lowest since 150.90 on Dec 10 '24, 150.85-95 double bottom now

  • Break below targets 150.00, 149.70 low Dec 9, maybe 148.65 spike low Dec 3

  • 151.72-152.70 descending hourly Ichimoku cloud providing resistance up top

  • Also descending 55-HMA in cloud at 151.90m 100-HMA above at 152.89

  • Massive option expiries today - 150.00 $1.3 bln, 151.00 $780 mln

  • 151.50 $1.2 bln, 151.75 $626 mln, massive at 153.00 and 154.00 above too

  • Trump-Ishiba meeting seen good for Japan, Japan may avoid tariffs

  • Nippon Steel-US Steel deal could be back on too, not purchase but investment

  • Bias now for specs, others to sell on rallies? Risk now seen to downside

  • Related comments nL1N3OY0QP, nL1N3OY03L, nL1N3OV02J, nL2N3OQ02C

  • Also nL1N3OY123, comment on BOJ nL2N3OO013

  • US markets nL1N3OY0TY, nL1N3OY17Q, nL4N3OY14J, nL1N3OY04S

  • On US data nL1N3OX1EJ, nL1N3OY0V2, Fed-speak nL1N3OY0U0, nS0N3MK0A1

  • On Trump-Ishiba meet nL4N3P0004, nL1N3OY13U, nS0N3NC01K, nS0N3OJ03J

  • And nS0N3ME00Z, other Trump news nL1N3OY0UX, nL1N3OY0ZB

  • For more click on FXBUZ

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