Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Nov 07 - 03:55 PM

USD/JPY - Post-Payrolls Rebound Erases Friday Drop, But US Yields Cap

By Randolph Donney  —  Nov 07 - 01:35 PM
  • USD/JPY retraced Fri's post-payolls plunge amid mixed Fed opinions

  • USD broadly higher on steady S-T Tsy yields despite soft US jobs data

  • Tues's Fed speakers mixed on likely peak in tightening cycle, cut risk

  • But Tsy yields and dollar lower after 3-yr Tsy sale beat poor forecasts

  • Pullback in Tsy ylds from Oct highs yet to dissuade dip buyers

  • Uptrend intact unless weekly tenkan by last wk's 148.81 low is closed below

  • Japan wage & household spending data didn't hasten BoJ normalization view

  • Repeated expiries at 150/151/152, but scant R/R pricing of downside risk

  • Could see MoF jawboning to support yen again if 2023/22's peaks retested

  • But focus now on Wed's 10-yr Tsy auction and recent slide in yields

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved