By Robert Fullem — Mar 17 - 09:56 AM
• USD/JPY climbs toward day's high as S&P 500 rises after US market open
• Surge in yen futures volume suggests algos, market rolls may be a factor
• Follows Fin Min Kato comments on FX stability, tariffs and supply chains
• Options expiring Monday at 149 and offers may slow ascent toward 21-DMA
• Resist: 149.10-20 day's and March 12 highs; 149.28 21-DMA, 149.40 Feb 20 low
• Supp: 147.78 March 12 inv. hammer low; 146.94 March 7 low; 146.52 Oct 2
high
Yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters