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BUZZ-USD/JPY holding bid after month-end rally Friday

ReutersMar 3, 2025 12:20 AM

  • USD/JPY holding bid after rally Friday, on month-end position adjustments

  • To 150.99 Friday, Asia so far in new month 150.56-151.02

  • Bid now but more upside? Depends on news, fresh moves in US rates

  • US yields actually off from Friday, heavy, Treasury 2s @4.024%, 10s @4.242%

  • USD/JPY back above 150.43 daily Ichi tenkan, 200-DMA/kijun 152.39-40 above

  • Hourly chart shows triple high of sorts at Friday's, today's high

  • Support from hourly tenkan at 150.68, kijun/200-HMA 150.00/06 below

  • Massive, $1.2 bln in option expiries between 150.75-80, gravitational pull?

  • Market awaiting more news on Trump tariffs, Ukraine, situations in flux?

  • US data Friday showed consumption down, PCE price index up nL2N3PJ0IY

  • USD/JPY trend still seen down, rally Friday merely a speed bump?

  • Related comments nL2N3PJ0S0, nL2N3PJ0E3, nL2N3PJ0E1, nL8N3OW1LN

  • Yen bull view nL2N3PJ02O, also nL2N3PJ0ZH, on Trump tariffs nL2N3PL05S

  • US markets nL2N3PJ135, nL2N3PJ140, nL3N3PJ121, nL2N3PJ03B

  • For more click on FXBUZ

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