tradingkey.logo

BUZZ-USD/JPY off another leg overnight, bias to remain down?

ReutersFeb 18, 2025 12:23 AM

  • USD/JPY choppy in early Asia trading, heavy, 151.23-65 EBS so far

  • Closer to 151.23 low February 10, 151.00 and 150.93 low February 7 below

  • Bias to remain down, stops eyed on breaks of each of these levels

  • Resistance today from 151.81 Ichimoku kijun line, 55-HMA 152.07 above

  • Japanese importer buys eyed into today's Tokyo fix but no matter?

  • Soggy US yields setting the tone, Treasury 2s @4.258%, 10s @4.493%

  • JGB yields firm in contrast, 2s @0.810%, 10s @1.395%, at 15-year highs

  • Of course JGB-US Treasury yield differentials continuing to narrow

  • Not much in way of large nearby option expiries today, 152.75-90 $872 mln

  • Related comments nL2N3P80DK, nL2N3P80GK, nL1N3P5037, nL1N3P401R

  • Also nL2N3P80G2, contrasting view nL2N3P808L

  • On markets nL2N3P80HZ, nL3N3P80KJ, nL3N3P80UE, nL2N3P8034

  • For more click on FXBUZ

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI