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USD/JPY up from 148.10 low yesterday as US yields base

ReutersMar 5, 2025 12:20 AM

  • Bounce in US yields, especially longs, help USD/JPY up from 148.10 low o/n

  • USD/JPY 149.70-96 EBS so far in Asia, top of range this week 151.30 Monday

  • USD/JPY bias still down but plenty yen longs now, Japan importer demand

  • Still below now descending hourly Ichimoku cloud between 150.12-20

  • Spot in area of 149.66/149.85 200/100-HMAs, 149.70 daily Ichimoku tenkan

  • Hourly Ichimoku tenkan at 149.03, kijun at 149.08 likely supportive

  • Option expiries today 148.50 $505 mln, 149.00 $1 bln, 149.80-85 $422 mln

  • US Treasury 2s @3.976%, 10s @4.236%, JGB 2s @0.835%, 10s @1.438%

  • Bump up in yields seen on back of German debt brake plan nL2N3PN117

  • Related comments nL2N3PN0SY, nL2N3PN0JS, nL2N3PN0I6, nL2N3PN0E8

  • And nL2N3PN0DW, nL2N3PN0D4, nL2N3PN0BV, nL2N3PN049

  • Also nL2N3PN12Z, on possible Ukraine deal nL2N3PN0KL, nL2N3PN01F

  • US markets nL2N3PN12S, nL2N3PN16I, nL3N3PN16F, nL2N3PN065

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