By Haruya Ida — Feb 28 - 02:01 AM
• USD/JPY getting another bump up into London, from 149.10 to 150.12 EBS
• Still a tad short of 150.15 session high early Asia
• Short-covering and Japanese importer month-end demand movers then
• Seems there was more short-covering to go ahead of month-end
• US rates on soft side though and JGB-US Treasury differentials narrower
• Offers in waiting too on 150 - from Japanese exporters, fresh spec interest
• Tech resistance from descending 200-HMA at 150.14, daily Ichi tenkan 150.43
• Related comment , also , for more click on [FXBUZ]
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters