USD/JPY off a leg but holds in elevated 147-150 range
USD/JPY off leg from 149.58 high yesterday, Asia 148.57-69 EBS so far
Ensconced for now in both its hourly and daily Ichimoku clouds
Hourly cloud 148.35-94, 100/55-HMAs 148.51/77, in cloud, below/above spot
Wider and still descending daily cloud 145.09-151.81
US yields down from o/n highs but still firm, Tsy 2s @3.956%, 10s @4.066%
Recently wider JGB-US Treasury yield differentials USD supportive
Option expiries too, today 148.00 $1 bln, smaller at 148.20-30, 149.00
Massive $3.2 bln in expiries Monday however, to help cap?
Japanese exporters likely still in sell-mode at Tokyo fixes however
Many importers may await lower levels but still some pre-long weekend demand
Comment from BOJ's Himino late Tokyo yesterday suggest BOJ not so dovish
US CPI +2.4% y/y, smallest gain since '21, jobless claims jump, Fed dovish?
Related comments nL1N3LL05Y, nL1N3LM0Q9, nL1N3LM0FI, nL1N3LM06W
Bull views nL1N3LM0C0, nL1N3LM0B9, also nL1N3LM0XK
US markets nL1N3LM0VF, nL1N3LM10U, nL4N3LM0YW, nL1N3LM03K
On US economy nL1N3LM0IM, on Fed nL1N3LM0NF, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3NkZtqw
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/4dGXDv0
JGB-US Treasury 10-year interest rate differential: https://tmsnrt.rs/40jhvBp
(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.
