USD/JPY swoon on weak US data bought, bounce as sharp
USD/JPY fell from a fresh high of 161.96 to 160.76 yesterday on weak US
Bounce ensued, players came out of the woodwork to buy, 161.75 by NY close
Asia so far today 161.58-70 EBS, quiet after volatile NY session
More Japanese importer buys eyed on dips with 162.00 again in spec sights
Japanese exporters, option-related offers still pre-162.00, lge stops above
No large option expiries on US holiday, some massive in area next week
US yields reverse big chunk of recent gains, especially at curve long-end
US Tsy 10s yield off to 4.339%, 2s to 4.670% lows, renewed curve inversion
Market not really afraid of fresh Japan intervention? Another buy-chance?
Related comments nL1N3IV0PQ, nL1N3IV0BP, nL1N3IV09K, nL1N3IU02F
Also nL1N3IV0UG, nL1N3IV0G7, on US data nL1N3IV0GM, nL1N3IU0GI
US markets nL1N3IV0V3, nL1N3IV0T9, nL1N3IV0J0, nL1N3IV029
On Fed minutes nL1N3IV0VL, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3VTmFzU
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3W7C1Cd
Yield on US Treasury 10s: https://tmsnrt.rs/3xLQ33c
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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