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Oct 20 - 06:55 AM

USD/JPY - Contained Below 150.00 As Caution Dampens Activity

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

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