USD/JPY up to 149.36, best since Aug 15, on US yields
Higher US yields helped USD/JPY to 149.36 yesterday, best since Aug 15
FOMC Sept 17-18 minutes suggested future rate hikes would be data-driven
And recent data has been strong, the latest NFP/jobs report in particular
US Tsy yields firm, 2s @4.019@, 10s @4.072%, diffs with Japan ylds wider
USD/JPY range yesterday 148.02-149.36, Asia so far 149.16-30, quiet
Towards middle of 145.65-151.81 daily Ichi cloud, 200-DMA 151.17 near top
Hourly cloud 148.02-22, left in dust, hourly kijun 148.69, tenkan 149.22
Option expiries on 149 and 150.00 today massive, to help contain spot moves?
149.00 $723 mln, 149.25 $490 mln, 149.50-55 $2 bln, 149.80-90 $1.2 bln
And 150.00 $1.1 bln, large tom too 150.00-15, total $1.3 bln, to cap?
Gotobi Tokyo fix today, more exporter interest than importers? Balance?
Related comments nL1N3LL0OX, nL1N3LL0FG, nL1N3LL0AK, also nL1N3LL0V8
US markets nL1N3LL0PB, nL1N3LL14G, nL4N3LL12E, nL1N3LL033
On Fed/Fed-speak nL1N3LL0XM, nS0N3L509H, nS0N3L509I, nL1N3LL17E
And nL1N3LL0Y0, also nS0N3L509E, nL1N3LL0UK, nL1N3LL000
For more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4eDW2qQ
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3TXAgWH
JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/3YgS3uB
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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