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Feb 17 - 10:55 PM

USD/JPY - Sees Some Bounce From Fresh Low, 152 Cap?

By Haruya Ida  —  Feb 17 - 09:05 PM

• USD/JPY sees some bounce from 151.23 fresh low early Asia, to 151.79 EBS

• Japanese importer buys into today's Tokyo fix noted

• Market still on thin side following US holiday, pre-RBA rate announcement

• USD/JPY upside seen limited, good offers pre-152.00, option expiries too

• Today $872 mln higher between 152.75-90 but tomorrow $1.3 bln at 152.00

• Support in place ahead of 151.00 however with US yields on the bounce

• Treasury 2s from 4.250% low Friday to 4.267%, 10s 4.447% to 4.503%

• USD/JPY Feb 10/7 lows 151.20/150.93, stops eyed below and sub-151.00

• Related comments , , also
USD/JPY hourly:


Yield on US Treasury 2s - 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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