USD/JPY choppy and tad heavy, direction sought
Lower US yields keeping USD/JPY heavy but long liquidation over for now
Range yesterday 153.55-154.73, Asia today 153.90-154.48 EBS, inside day
Range ratcheting lower? Recent peaks 156.76 Nov 15, 155.86 Nov 20
Level to break for bears base of recent range at 153.28 low Nov 19
Ascending daily Ichimoku kijun line just above at 153.63
Resistance from 154.50-63 descending hourly Ichi cloud
Descending 55-HMA 154.36 just below, 100/200-HMAs 154.66/88 just above
Option expires in area today only 153.95-154.00 $426 mln, 156.00 $697 mln
Expiries massive tomorrow however above 155.00 and below from 153.00
Yield on Treasury 2s off large leg, now @4.269%, 10s too @4.286%
Minny Fed Kashkari over wires calling for Dec 25 bp rate cut nFWN3MW0WO
Trump tariff-talk recipe for some choppy trading nS0N3MD01X, nL2N3MW0XI
Related comments nL2N3MW0IQ, nL2N3MW06V, nL2N3MW01T, nL1N3MQ021
On USD nL2N3MW08O, nL2N3MW07I, also nL2N3MW0NQ
US markets nL2N3MW0LI, nL2N3MW0RA, nL3N3MW0P7, nL2N3MW00Y
For more click on FXBUZ
USD/JPY: https://tmsnrt.rs/413jPNa
USD/JPY nearby option expiries this week: https://tmsnrt.rs/413L8Xz
Yield on US Treasury 2s: https://tmsnrt.rs/499EAZj
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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