USD/JPY off with US yields, Powell dovish, BOJ hawkish
Contrasting BOJ-Fed policy stance, lower US yields behind USD/JPY fall
USD/JPY 146.48 to 144.05 EBS in New York Friday, Asia today 144.33 to 143.56
Yield on US Treasury 2s to 3.903% Friday, 10s to 3.791% now @3.896%, @3.788%
Yield on JGBs on firm side, 2s @0.354%, 10s @0.876% on BOJ Gov Ueda-speak
USD/JPY on way towards test of 141.68 spike low on August 5?
Support at 143.00 and 142.00 ahead, resistance on rallies from @144.00
Japanese importer buys eyed at Tokyo fix, exporter offers on rallies
No large option expiries in area today, some chunky expiries tomorrow on 144
CFTC IMM CTA data show net JPY longs up some nAQN2JEBML, nL6N3KA0II
Down to remain path of least resistance going forward
Related comments nL1N3KA0N9, nL1N3KA0G6, nL1N3KA08I, nL1N3KA01Z
And nL1N3JS022, also nL1N3KA0S7, Powell-speak nL1N3KA07M, nL1N3KA0K0
US markets nL1N3KA0MG, nL1N3KA0XC, nL4N3KA11S, nL1N3KA048
On BOJ nL4N3KA1GV, US economic data nL1N3KA0J6
For more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3Z1ARKq
USD/JPY nearby option expiries this week: https://tmsnrt.rs/3AB7hkR
Yield on US Treasury 2s: https://tmsnrt.rs/3yT87Jc
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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