XM does not provide services to residents of the United States of America.

USD/JPY off again after push up to 143.03, US data helped?



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-USD/JPY off again after push up to 143.03, US data helped?</title></head><body>

  • USD/JPY up to 143.03 EBS early London before falling back

  • Small uptick in US jobless claims, relatively soft PPI may have helped

  • From 143.03, USD/JPY down to 171.74 in New York, Asia 141.55-88 so far

  • Downtrend seen intact on successively lower highs again? Lower lows?

  • More downside may have to await new week, position adjusts into weekend

  • Japanese importer bids again into today's Tokyo fix, short-covering?

  • Japanese exporters to help cap upside, massive 142.00 option expiries too

  • $1.3 mln expiries today at 142.00 strike to help limit the upside today

  • US yields soft after push up yesterday, Treasury 2s to 3.702% then 3.643%

  • Treasury 10s to 3.706% before easing back to 3.670%

  • JGB/US Treasury 2-year rate differential @329 bps, in 10s @282 bps

  • Related comments nL1N3KU0Z6, nL1N3KU0CW, nL1N3KU09I, nL1N3KT172

  • And nL1N3KS02M, also nL1N3KU0XL, on US data nL1N3KU0IG

  • US markets nL1N3KU118, nL1N3KU17D, nL4N3KU173, nL1N3KU034

  • For more click on FXBUZ


USD/JPY: https://tmsnrt.rs/3ZmZX6J

USD/JPY nearby option expiries into next week: https://tmsnrt.rs/4epqyV7

JGB/US Treasury 2-year interest rate differential: https://tmsnrt.rs/3Bbxs1G

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.