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TDUX
Jul 08 - 08:55 PM

USD/JPY - In Familiar Place, 162 Stasis Indefinite?

By Haruya Ida  —  Jul 08 - 08:29 PM

• USD/JPY remains relatively bid on 162 on renewal of US attacks on Iran

• Range so far today 162.37-60 EBS, nervous stasis again

• Japan FX intervention still possible but threat getting old

• Hawkish Fed June minutes, higher US yields widen JGB-US Tsy rate diffs some

• Rise in Nikkei, Japanese equities could trigger renewed foreign hedge demand

• Demand too from Japanese importers, maybe retail on USD dips too

• Support especially firm @162.00, ascending hourly Ichi cloud 161.88-162.06

• Ascending 200 and 100-HMAs in area too at 162.01, 161.92, respectively

• On options front, massive $1.1 bln in expiries today at 162.00 strike

• Also $2.1 bln above at 163.00 strike, $1 bln 160.94-161.00 too

• Related comments , , , also

• US markets , , ,

• On Fed minutes , US-Iran , for more click on [FXBUZ]

USD/JPY daily:


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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