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BUZZ-USD/JPY remains bid, to 158.09 o/n, best since July 17

ReutersDec 27, 2024 12:15 AM

  • USD/JPY edged higher yesterday, to 158.09 EBS, best since 158.63 July 17

  • Asia 157.67-90 so far as Japan Inc heads towards end of calendar-year

  • Most businesses in Japan to shut down for year, re-start on January 6

  • Japanese importer interest again eyed, exporter flows too into Tokyo fix

  • US yields remain relatively high, to remain supportive, to keep USD bias up

  • Off from highs o/n though, Tsy 2s 4.367% to @4.330%, 10s 4.641% to 4.585%

  • JGB yields in stasis, 2s @0.597%, 10s @1.078%, JGB-Tsy differentials steady

  • On options front, large $721 mln expiries today at 158.00 strike

  • Smattering below from 156.00 to 157.25, some above at 158.50 strike

  • USD/JPY tech support from 157.58 hourly Ichi kijun, 55-HMA 157.39 below

  • Ascending hourly Ichi cloud 156.98-157.22, 100-HMA in cloud at 157.11

  • Bias to remain up, some eyes on 161.96 high July 3 but intervention risk?

  • Related comment nL1N3NP00Y, on BOJ nL1N3NL026

  • Also nL1N3NR0E8, nL1N3NR0AB, on US economy nL1N3NR080, nL4N3NR0HC

  • US markets nL1N3NR0C6, nL1N3NR0GI, nL4N3NR0JF, nL1N3NR019

  • For more click on FXBUZ

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

Disclaimer: For information purposes only. Past performance is not indicative of future results.