• JPY crosses remain very buoyant despite USD/JPY back-tracking lower
• Suggests Tokyo, other centres not as bullish on yen as in recent past
• That said, seems market not ready to turn to a bullish USD view
• Tokyo and players in other centres taking middle way, buying JPY crosses?
• EUR/JPY 164.85-165.13 EBS in Asia so far, near 165.20 high yesterday
• High yesterday best since 165.29 on Nov 8 '24, peak then 166.65 Oct 31
• GBP/JPY 195.95-196.41, best since 197.53 on Jan 8 earlier this year
• AUD/JPY very well bid as of late, 95.28-56 after rally to 95.63 yesterday
• 95.63 just shy of 95.74 high on Mar 18, 96 try in cards?
• Cross on hold for now between its 100/200-DMAs at 94.49/96.58
• On EUR/JPY , USD/JPY , for more click on [FXBUZ]
EUR/JPY:
GBP/JPY:
AUD/JPY:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)