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Feb 28 - 02:55 AM

USD/JPY - Getting Bump Up Into London, More Short-Covering

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

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