- USD/JPY slumped with US yields overnight but in bounce mode early Asia
- From 154.80 Wednesday to 152.70 in NY yesterday, Asia 152.82 to 153.13 EBS
- In bounce from area of 200-DMA at 152.72, ascending 100-DMA 153.35 above
- Daily Ichimoku cloud 153.76-155.79, again to cushion moves to the upside
- Key resistance at 154.87 55-DMA, capped latest bounce to 154.80
- Support from area of ascending 100-HMA at 152.85, 200-HMA 152.95
- Hourly Ichimoku cloud to provide resistance too? Between 153.22-82 now
- Chunky option expiries in area today, above between 153.00-50 total $1.9 bln
- Also above 153.80-90 total $1 bln, 154.00 $1.5 bln
- To downside 152.00 $3.2 bln, 152.35-40 $464 mln, 153.70-85 $996 mln
- Yield on Treasury 2s @4.310%, 10s @4.538%, JGB 2s @0.777%, 10s @1.338%
- No US tariffs on Japan steel exports yet, to be negotiated?
- US PPI high but inflation to fall? Concerns over tariffs on hold for now too
- US markets nL8N3P4200, nL1N3P41A2, nL4N3P41CL, nL1N3P404I
USD/JPY: https://tmsnrt.rs/3QjUNCE
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/4aYmKJY
JGB-UST 10-year interest rate differential: https://tmsnrt.rs/410ZDtL
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.
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