USD/JPY surges in conjunction with US yields, to 154.92
USD/JPY surged to 154.92 EBS yesterday on spikes higher in US yields
Yield on US Treasury 2s as high as 4.367%%, 10s to 4.443%, curve steeper
USD/JPY 153.41 late Asia to high as a result, Asia so far today 154.52-65
High yesterday best since 155.22 on July 30, resistance ahead at 155.00
155.00 strike to see $926 mln option expiries today, maybe some barriers
Above, $709 mln expiries today between 155.40-50, below $875 mln 153.00
Japanese exporter offers eyed to pre-155.00, importers on dips
Market gearing up for Trump presidency, trading accordingly
Focus still US rates with CPI release tonight, YY +2.6%, core +3.3% eyed
Related comments nL1N3MJ0ZI, nL6N3MJ0LB, nL1N3MJ0FM, nL1N3MI0IL
And nL1N3MJ0EN, nL1N3MJ0DZ, nL1N3MJ0BP, nL1N3MJ0BG, nL8N3ME1BL
nL1N3ME031, also nL1N3MJ13I, Fed-speak nL6N3MJ0NU
US markets nL1N3MJ11F, nL1N3MJ1B0, nL4N3MJ1KO, nL1N3MJ02M
On Trump administration nL1N3MJ1G1, US data nS0N3M006J
For more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4fEMlZi
USD/JPY nearby option expiries this week: https://tmsnrt.rs/4hOjbJs
Yield on US Treasury 2s: https://tmsnrt.rs/3Z1eLHI
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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