- Weak US retail sales and lower US rates push USD/JPY down another leg Friday
- Low Friday 152.03, USD/JPY so far in Asia today 151.92-152.60 EBS
- Back below gradually descending 200-DMA at 152.70, DMA pivot going forward?
- Resistance from also descending 200-HMA at 152.62, 100-HMA 153.00 above
- Support below 152.00 at 151.65, 151.20, 150.93 lows Feb 11, 10, 7
- US yields well off recent highs, Treasury 2s @4.260%, 10s @4.477%
- In contrast, JGB yields firm, at recent highs, 2s @0.797%, 10s @1.359%
- Option expiries suggest cap now from 152.00, massive expirations above
- 152.00-05 total $1.3 bln, 152.20-30 $1.1 bln, also 151.50 smaller $470 mln
- IMM CTAs less long USD as yen bought, Trump trade fog lifts
- Bias likely to remain down on direction of interest rates, CB biases
- Trump tariff policies still a risk though, awaiting fresh news on this front
- And nL1N3P5037, also nL1N3P50XC, on US retail sales
- US markets nL1N3P50V9, nL1N3P512Q, nL4N3P5136
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.
Related Articles
Caution on Short-Term Downside Risks for U.S. Stock Market
TradingKey - Last Friday, the U.S. Labor Department sharply revised downward its May and June nonfarm payroll figures by a combined 258,000 jobs, a reduction exceeding 90%. Meanwhile, July’s payroll increase came in at just 73,000, falling short of the 100,000 forecast.TradingKey
an hour ago
Hims & Hers: A Game-Changer in Telehealth or Just Another Fad?
Explore the exciting world of Hims & Hers (NYSE: HIMS) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!The Motley Fool
3 hours ago
From Ozempic to Wegovy: Growth and Risks Behind Novo Nordisk’s Q2 Performance
TradingKey - Novo Nordisk achieved revenue of $11.67 billion in Q2 of the 2025 fiscal year, a 19% increase year-over-year, but it fell short of market expectations. Growth was primarily driven by strong performance in obesity care and rare diseases.TradingKey
19 hours ago
Bank of England August Rate Decision Preview: Pound Likely to Enter a Fluctuation Phase
TradingKey - On 7 August 2025, the Bank of England (BoE) will announce its policy interest rate decision. The prevailing market view suggests a high likelihood of a 25-basis-point rate cut, lowering the benchmark rate from the current 4.25% to 4%.TradingKey
Mon, Aug 4
