USD/JPY off another leg, steadies ahead of July 18 low
USD/JPY off more overnight, yesterday 157.09 in Asia to 155.56
Low just shy of 155.38 on July 18, Asia so far today 155.54-82 EBS
JPY buy-backs snowballed yesterday, JPY strong across a broad front
JPY-funded carries officially dead? More shorts maybe still out there
USD/JPY also holding for now above ascending 100-DMA at 155.39
Question now is whether 155.91-156.30 daily Ichi cloud above to cap
Other tech levels above too - hourly Ichi kijun 156.31, 55-HMA 156.62
Option expiries today include 154.95-155.00 $2.8 bln, base for now?
Also 155.50 $825 mln, 156.00-05 $2.6 bln, latter likely cap?
US short rates down, longs less, Treasury 2s @4.451%, 10s @4.252%
Japanese importer buys into Tokyo fix eyed, exporters on rallies
Related comments nL1N3JF0QS, nL6N3JF0GW, nL1N3JF0C4, nL1N3JF09V
And nL1N3JF01M, nL1N3JA02A, also nL1N3JF0XZ, on Fed nS0N3IF01N
US markets nL1N3JF0ZH, nL1N3JF12Q, nL4N3JF1EE, nL1N3JF02O
On US data nL1N3JF0O3, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3WAh0AA
USD/JPY nearby option expiries this week: https://tmsnrt.rs/3WdUv2Z
Yield on US Treasury 2s: https://tmsnrt.rs/3LzGrMj
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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