First appeared on eFXplus on Jul 02 - 10:10 PM
- USD/JPY continues to move with stocks/US yields in absence of whatever else.
- From 111.14 just after Tokyo fix to 110.75 EBS, towards 110.74 55-HMA.
- 55-HMA and hourly Ichi cloud supportive for now, ascending cloud top 110.78.
- Option expiries above/below - 110.50-75 USD1.5 bln, 110.95-111.00 624 mln.
- Market slightly better bid, US yields higher than yesterday, 10s 2.865%.
- Japanese importer, other dip-buy interest, exporters 111.00+.
Thomson Reuters IFR Markets