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• USD/JPY 153.38-79 EBS in Asia so far, heavy despite strong US CPI data
• Friday saw push down from 154.61 to 153.24, IMM CTA data may have helped
• IMM CTAs reversed positions from net shorts to net longs, 1st time since Feb
• US yields higher upping Fed rate hike bets this week but shrugged off
• Wider JGB-US Treasury rate differentials also shrugged off
• Higher crude oil prices also look to have been shrugged off
• Japanese exporters, other again sellers in early Asia trade
• Weak technicals, test of 152.89 low Sept 8, 152.28 trough February 12 eyed
• 152.10 low of year on January 27 and 152.00 also in speculator sights
• USD/JPY back below 153.79 100-HMA, 153.80-154.10 hourly Ichimoku cloud
• Underlying resistance at also descending 200-HMA up at 155.41
• In options, only significant expiries today 152.00 $503 mln, 154.00 $863 mln
• Related comments , , ,
• Also
• US markets , , , on crude
• On IMM CTAs , , US CPI
• On Middle East , , for more click on [FXBUZ]
USD/JPY daily:
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)