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Dec 11 - 03:55 PM

USD/JPY - Rises For Third Day As Trsy Yields Firm

By Robert Fullem  —  Dec 11 - 02:10 PM
  • USD/JPY is up for a third day and holds above the 152 pivot level as Trsy yield curve steepens after mixed US CPI

  • Consumer prices rose 2.7% annually after an uptick in November though rent inflation slowed

  • Settles at top of 151.01 to 152.845 day's range and near 21-DMA of 152.64

  • Yen vols drop though demand seen for options covering Fridays' Q4 Tankan

  • Resistance is at 153.16-22, the weekly could top and Nov 27 high

  • Support is at the 200-DMA of 152.01, 9-EMA at 151.44 and 151.04 cloud top

  • Yen crosses edge up as US shares, oil advance

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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