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USD/JPY off early week highs pre-US holiday, jobs data



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  • USD/JPY backs off from highs earlier this week, Asia 161.41-52 EBS

  • Highs of 161.74 yesterday, 161.72 Monday - level not seen since 1986

  • As US yields back off a bit, lingering Japan intervention concerns too

  • Fed Powell dovish? Goolsbee concerned about economy, labor conditions easing

  • US Treasury 2s @4.741%, yield on 10s off after recent spike, @4.427%

  • So-so large option expiries today to help contain spot action

  • 160.20-25 $1.2 bln, 160.85-161.05 $844 mln, 161.25-40 $903 mln, 162.00 $660

  • Japanese importer bids on dips, exporter interest eyed from ahead of 162.00

  • Related comments nL4N3IU0YE, nL1N3IU0A8, nL1N3IU02F, nL1N38F03N

  • Also nL1N3IU0V6, on Fed nL1N3IU0J9, nS0N3GV05E, US data nL1N3IU0LA

  • US markets nL1N3IU0WJ, nL1N3IU10A, nL1N3IU0HP, nL1N3IU02V

  • Also on Japan intervention nL1N3HB0A0, for more click on FXBUZ


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

USD/JPY nearby option expiries this week: https://tmsnrt.rs/4ct20da

Yield on US Treasury 10s: https://tmsnrt.rs/4ePjMJm

US yield curve gradually dis-inverting: https://tmsnrt.rs/4cpHr1i

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

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