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Feb 17 - 01:55 AM

USD/JPY - Continues To Trade Heavy Into Europe

By Haruya Ida  —  Feb 17 - 01:01 AM

• USD/JPY from 152.60 early Asia to 151.50 EBS, trading heavy into Europe

• Easier US rates, firm JGB yields lead to narrower rate differentials

• Some stops hit on break below 152.00, support at 151.20/150.93 lows Feb 10/7

• Triple bottom around 151.00 - 150.93, 151.01 Dec 11, 150.90 Dec 10

• More stops eyed @150.90, break maybe projects test towards 148.65 Dec 3 low

• USD/JPY away from 152.70 200-DMA, resistance from 152.17 hourly kijun

• Massive option expiries today between 152.00-30 to help cap upside too

• Related comment , also ,
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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