USD/JPY to 151.95, bounce but capped for now @154.30
USD/JPY continued to ratchet lower yesterday on massive JPY buy-backs
From 154.09 late New York Wednesday to 151.95 early London Wednesday
Bounce since to 154.30 in New York PM but off thereafter, cap in place?
Asia so far 153.37-95 EBS, tracking lower with 153.95 55-HMA
Hourly Ichi cloud also descending, 154.11-155.09, to help cap any rallies
Support from area of flat hourly Ichi kijun at 153.12, then around 152.00
US yields off lows but relatively heavy, Treasury 2s @4.429%, 10s @4.236%
Some large option expiries in area today, to help contain Asia action?
152.85-91 $980 mln, 153.90-154.00 $1.5 bln, 154.20 $330 mln, 154.50-70 $815
Japanese importer pre-weekend demand eyed at Tokyo fix, exporters on rallies
Tokyo core CPI relatively subdued, impact on BOJ policy small? nL1N3JH1KS
Related comments nL1N3JH0ZK, nL1N3JH0C0, nL1N3JG1GB, nL1N3JF01M
And nL1N3JA02A, also nL1N3JH148, on US GDP nL1N3JG1CI
US markets nL1N3JH146, nL1N3JH1AX, nL4N3JH1TH, nL1N3JH037
On Fed nL1N3JH0M7, nL1N3JB13Z, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4diM2lO
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3WCgim5
Yield on US Treasury 2s: https://tmsnrt.rs/3zVFv2j
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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