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Sep 03 - 06:55 AM

USD/JPY - Remains Stuck Near Massive Expiry Ahead Of U.S. NFPs

By Martin Miller  —  Sep 03 - 04:43 AM
  • Yen shrugs off PM Suga's decision to step down nL4N2Q51DS

  • Traders await on U.S. NFPs, USD/JPY stuck nr 1.5B 110.00 strike expiring Fri

  • USD/JPY has seen a 109.80-110.07 range on Friday according to EBS prices

  • USD/JPY's technical bias remains on the downside while under daily cloud

  • The daily Ichimoku cloud currently spans the narrow 110.11-16 region

  • EUR/JPY's 60-day log correlation with USD/JPY high remains above +0.50

USD/JPY Expiry Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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