By Haruya Ida — Jan 16 - 08:57 PM
• Specs hunting for stops took USD/JPY to 154.98 after today's Tokyo fix
• The market has since bounced back above 155.00 on good bids in the area
• Some of the bids on massive $2.1 bln in options expiries at strike today
• Market likely to remain heavy on easier US yields, BOJ hike speculation
• More support below at 154.64 ascending 55-HMA
• Resistance around 155.50, site of $958 mln option expiries today too
• Descending hourly Ichimoku kijun at 155.75 above
• 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