By Randolph Donney — Mar 31 - 02:35 PM
USD/JPY's fell back from Friday's 133.60 recovery high on EBS
That high is by middle of March's big risk-off banking angst slide
That 50% Fibo and kijun at 133.77 is by the falling 100-DMA at 133.89
Tsy yields fell on US PCE, spending and Mich sent, inflation expectations
Friday's 132.60 low by 55-DMA and cloud base support key pre-ISM, NFPs
Month-end flows also likely lifted yen after recent risk-on pullback
IMM specs and options show downside USD/JPY risk if banking angst resumes
Thur's Fed balance sheet data showed those derisking flows subsiding
BoJ April 28 eyed for M-T YCC tweak, with Tokyo core CPI up again
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary