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Mar 17 - 12:12 AM

USD/JPY - JPY CCS Bounce With Cautious Optimism In Asia

By Andrew M Spencer  —  Mar 16 - 10:15 PM
  • Optimism or at least bargain-hunting has resurfaced in Asia

  • E-mini S&P +3.8%, Nikkei +1.3%, 10yr UST yields +8bp to 0.802%

  • USD/JPY is up 1% and JPY softer on the crosses, AUD/JPY +1.3%

  • JPY CCS has also benefited from the sentiment, though still elevated

  • Fed works to solve USD scarcity, but it may take time nL1N2B90GF

  • 1-year JPY CCS is up from -81.37 to -66.37, 3-month from -134 to -82.25,

  • Levels below -50 in the 1-year denote a market in stress



jp ccs mar 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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