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May 06 - 04:55 PM

USD/JPY - Losing Altitude In Absence Of Treasury Yield Support Pre-Payrolls

By Randolph Donney  —  May 06 - 02:51 PM
  • USD/JPY uptrend's been stalled since Monday's fleeting 109.695 peak

  • Tsy yields seemingly unable to rise on rapid econ recovery readings

  • Pair hits lowest since Monday's uptrend top's low at 108.90

  • Probes below Tuesday's low and the daily cloud top 109.045

  • 10- and 21-DMAs are converging above the tenkan at 108.67

  • Last on 109, a popular option expiries through into next week

  • Uptrend at risk if Friday's NFP don't reverse the drop Treasury yields

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Source:
Refinitiv IFR Research/Market Commentary

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