USD/JPY steadies after violent swings into/in NY
USD/JPY volatile action overnight into/in New York trading on mixed data
Down to 142.86 before rallying later to 144.22, off since to 143 handle
Asia so far 143.34-48 EBS, quiet, many awaiting tonight's US jobs report
Expectations for non-farm payrolls at +160k, unemployment at 4.2%
Bias still to the downside but seen dependent on jobs report
Descending 55-HMA 144.24, hourly Ichi cloud 144.33-145.35
Hourly Ichi kijun pivot today? Above currently at 143.53
Nearby option expiries today 143.00 $1.2 bln, 143.75-80 total $1.2 bln
These massive expiries could well contain action into the US data
Some pre-weekend Japanese importer demand into Tokyo fix eyed
Japanese exporter likely to help cap upside from area of topside expiries
US yields on soft side after also volatile action overnight, JGBs ylds firm?
Yield differential on JGB-US Treasury 2s around 337 bps, low o/n @332 bps
Expectations for Fed cut now centre on 25 bps
Related comments nL1N3KN0SR, nL1N3KN0AJ, nL1N3KN09Z, nL1N3KN09D
USD bull view nL1N3KN09T, nL1N3KN08W, also nL1N3KN0XW
US markets nL1N3KN0NO, nL1N3KN16X, nL4N3KN170, nL1N3KN024
Fed-speak nL1N3KN12I, on US data nL1N3KN0I2, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4cTU9of
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3TjkKUX
JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/4g7oAdL
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
