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BUZZ-USD/JPY to top of recent range but still heavy 150.00+

ReutersFeb 28, 2025 12:32 AM

  • USD/JPY rebounds yesterday but upside capped at 150.16, still heavy 150.00+

  • Asia so far 149.54-150.15 EBS, still below descending daily tenkan at 150.43

  • Also holding below 150.20 200-HMA but above 149.29-43 hourly Ichimoku cloud

  • Seems some USD short-covering taking place ahead of month-end

  • Japanese importers closing out books for the month, some specs too

  • Some JPY sales too on looming US tariffs on imports nL2N3PI0OQ

  • Gravitational pull from massive, $1.6 bln option expiries today at 150.00

  • Other expiries today 149.00 $495 mln, 149.50 $901 mln, 149.75-80 $471 mln

  • Lower US yields to cap? Treasury 2s @4.046%, 10s @4.261%, soggy

  • JGB short yields firm, 2s @0.820%, longer-end easier, 10s @1.383%

  • Related comments nL2N3PI0XQ, nL2N3PI0F5, nL2N3PC03E, nL2N3P90PY

  • Also nL2N3PI19Y, Fed-speak nS0N3OX05O, on US economy nL2N3PI0O8

  • US markets nL2N3PI17T, nL2N3PI1BT, nL3N3PI1DD, nL2N3PI03F

  • Japan news nL2N3PI03B, for more click on FXBUZ

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