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USD/JPY ratchets down again, retracement to lower ceiling

ReutersMar 7, 2025 12:11 AM

  • USD/JPY down to as low as 147.31 EBS yesterday on stops sub-148.00

  • Bounce thereafter but limited to 148.38, seems sky falling for pair

  • Asia 147.81-148.06, well below descending daily Ichimoku tenkan at 149.30

  • Resistance today from flat hourly Ichi kijun at 148.31

  • Still descending hourly Ichi cloud 149.03-15 above

  • Japanese exporters in sell-rally mode again, importers on dips

  • Importer demand eyed at today's pre-weekend Tokyo fix

  • US yields off from highs yesterday, JGB rates remain firm, in focus

  • Option expiries today 147.00 $1.3 bln, 148.00 $666 mln, 149.00-10 $1.4 bln

  • Related comments nL2N3PP0RQ, nL2N3PP0D9, nL2N3PP0DQ, nL2N3PP0CG

  • And nL2N3PP0BG, nL2N3PP0BE, nL2N3PN049, also nL2N3PP10M

  • US markets nL2N3PP0YL, nL2N3PP15K, nL3N3PP15M, nL2N3PP02B

  • Comment on BOJ/JGBs nL2N3PP02L, in news nL2N3PP0Q9, nL2N3PP0K6

  • And nL2N3PP11F, on US economy nL2N3PP0L0, Fed-speak nL2N3PP17H

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