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BUZZ-USD/JPY off with US yields, JPY haven flows again too?

ReutersMar 4, 2025 12:30 AM

  • USD/JPY off overnight on the back of even lower US yields, JPY haven flows?

  • Down to 149.11 EBS into the New York close, Asia so far today 149.15-62

  • Back below the still descending daily Ichimoku tenkan currently at 149.25

  • Also back below descending 200-HMA at 149.97, cloud between 149.87-150.33

  • US yields off another leg, Treasury 2s @3.937%, 10s @4.139% now

  • JGB yields remain firm with 2s @0.824%, 10s @1.394%, 1.420% high yesterday

  • Yield differentials off hard again, in 2s down to @318, 10s @274 bps

  • USD/JPY on course for another test of 149.02 low Feb 25, 149.00, stops below

  • 149.00 break projects test to 148.65 low on Dec 3, 24

  • On options front, some chunky expiries today between 148.00-15, at 148.30

  • At 148.90, between 149.30-35 and at 150.00 but nothing massive

  • Trump comment on JPY also looking to keep upward pressure on the yen

  • Related comments nL2N3PM0LG, nL2N3PM093, nL2N3PM07W, nL2N3PJ02O

  • Also nL2N3PM0RS, on US economy nL2N3PM0J1, nL5N3PM1GI

  • US markets nL2N3PM0RO, nL2N3PM0UV, nL3N3PM0ZS, nL2N3PM023

  • Trump on yen nL3N3PM1SK, for more click on FXBUZ

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