Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Sep 07 - 04:55 PM

USD/JPY - Pullback With Treasury Yields Bought, But MoF Watch Weighs

By Randolph Donney  —  Sep 07 - 02:40 PM
  • Tiny new 147.875 USD/JPY trend high on EBS, but Wed's lows held

  • USD/JPY and Tsy ylds lifted briefly by US jobless claims drop

  • But claims were said to be weighed down by the Labor Day holiday

  • And Tsy yields slipped after early Sept issuance deluge digested

  • USD/JPY longs also prefer buying dips with MoF warning on intervention

  • But BoJ is not a threat to reduce easy policies near-term

  • Prices also a bit overbought and looking for fresh Tsy yields support

  • Perhaps with next Wed and Thur's CPI and retail sales reports

  • Near 5% 2-yr Tsy-JGB yields spreads remain bullish

  • 2023's rising channel top is nearing 161.8% Fibo off July base at 149.56

  • Tenkan and 21-DMA at 146.16/06 last decent support

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved