By Haruya Ida — Jan 27 - 09:13 PM
• USD/JPY in surge mode from 153.72 in NY, 154.53 early Asia to 155.62 EBS
• Tokyo players good buyers from the get-go, importers into Tokyo fix
• Basing of US yields, some bounces from overnight lows helping
• After touching the top of its daily Ichimoku cloud, USD/JPY tracking away
• Back above 55-DMA at 154.98, towards 155.69-80 hourly Ichimoku cloud
• Descending 100 and 200-HMAs above too at 155.76, 155.77
• Massive option expiries this week at 155.00 now likely more supportive
• Related , 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