USD/JPY calms down, range for now around 147.00
USD/JPY looks to have finally calmed after the surprise jump on Ishiba-Ueda
Up above on to 147 handle yesterday and sideways since, Asia 146.74-90 EBS
147.25 high yesterday initial resistance, daily Ichi cloud 146.92-151.81
Cloud to descend till around month-end, spot into cloud if no retrace down
146.29 initial support, also descending 55-DMA below at 146.11
Higher US yields supportive, Treasury 2s @3.697%, 10s @3.843%
Strong services PMI, modest rise in jobless claims show US economy resilient
Large option expiries today more supportive than not too
146.00 $776 mln, 146.25 $930 mln, 146.50 $1.3 bln, next Wed 147.00 $1.8 bln
Japanese importer pre-weekend interest at today's Tokyo fix, exporters 147+
Related comments nL1N3LF0QM, nL1N3LF00R, also nL1N3LF0T9
US markets nL1N3LF0PN, nL1N3LF0XM, nL4N3LF0VZ, nL1N3LF01D
On US economy nL1N3LF0G5, nL1N3LF0KD, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3ZKFI37
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/4ewIcGQ
JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/4gU1OGG
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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