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USD/JPY volatile in thin NY trade, off leg with US yields



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  • USD/JPY off another leg with US yields in thin NY trade, Fed likely dovish

  • Revisions to jobs data suggested employment weaker than originally reported

  • Fed minutes also indicated majority of officials for September rate cut

  • New York say head-fake push up to 146.90 before falling back to 144.46

  • Asia so far 144.86-145.26 EBS, consolidating just above overnight low

  • Some Japanese importer demand at Tokyo fix, exporter offers on rallies

  • Levels to watch below include 144.35 low Aug 7, 144.00, 143.63 low Aug 6

  • Resistance from 145.68 hourly Ichi kijun, 145.89-146.52 cloud, 145.91 55-HMA

  • $311 mln option expiries today at 144.00, 145.60-70 total $1.4 bln above

  • US Treasury 2s @3.941%, 10s @3.802%, JGB 2s @0.344%, 10s @0.863%

  • Related comments nL1N3K80QT, nL1N3K80CG, nL1N3K701W, nL1N3JS022

  • And nL1N3JO02M, also nL1N3K80V2, on Fed minutes nL1N3K80M9

  • US markets nL1N3K80OU, nL1N3K80Z9, nL4N3K80ZY, nL1N3K803B

  • On US job data revisions nL1N3K80MT, for more click on FXBUZ


USD/JPY: https://tmsnrt.rs/4fVQw4c

USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3WWt8ux

Yield on US Treasury 2s: https://tmsnrt.rs/3YV4LA3

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

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