By Peter Stoneham — Oct 20 - 05:45 AM
Steady going for USD/JPY with a tight range below 150.00 holding
Mkt take on Powell Thurs: higher for longer but hikes depend on data
Higher US yields helping to contain inflation, keep conditions tight
U.S. yields just off cycle highs, Treasury 10s hit 4.9960% Thurs
Massive nearby option expiries today and Monday to help contain action
Today 149.00-05 $1 bln, 45-50 $493 mln, 60-65 $521 mln, 150.00 $1.1 bln
Exporter, other offers to 150, above, bids on dips, large sub-149.00
USD/JPY levels to watch: 150.16 and 148.75, recent price extremes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary