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USD/JPY fades after another shot at 154 but on high perch



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  • USD/JPY as high as 153.87 into NY overnight, shy of 153.88 Monday, 154.00

  • Fade since to 153.00, Asia so far today 153.19-43 EBS, settling down

  • BOJ Policy Board meeting from today, no changes eyed at announcement tom

  • Hourly Ichi cloud between 152.66-153.12 to cushion dips? 100-HMA 152.69

  • Market likely to hold on high perch in low-153 area for now

  • Japanese exporters and importers to trade current range, on dips, rallies

  • US yields up more before fading too yesterday, Tsy 2s @4.095%, 10s @4.249%

  • US economy still resilient? Confidence up but job openings down

  • Option expiries today 152.50 $898 mln, 153.50 $330 mln, 154.00 $783 mln

  • Related comments nL1N3M50WQ, nL1N3M50I4, nL1N3M50CE, nL1N3M401O

  • Also nL1N3M515Y, Fed poll nS0N3L900Z, on US data nL1N3M50MQ

  • US markets nL1N3M511U, nL1N3M51C1, nL4N3M521J, nL1N3M506F

  • US TsySec Yellen-speak nL1N3M5069, for more click on FXBUZ


USD/JPY: https://tmsnrt.rs/3AkzgWk

USD/JPY nearby option expiries this week: https://tmsnrt.rs/3Am2RhX

JGB-UST 2-year interest rate differential: https://tmsnrt.rs/3NLPXNy

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

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