Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 19 - 04:55 PM

USD/JPY - Cap At 150 Held After Powell, Japan CPI, PMIs And BoJ Meeting Next

By Randolph Donney  —  Oct 19 - 02:45 PM
  • Sixth straight day with USD/JPY highs just below the pivotal 150 level

  • Thur's 149.95 high on EBS highest since Oct. 3, 2023 high at 150.165

  • Dips remain shallow, Thur's low at 149.665 given juicy yld spreads

  • Tsy yields broadly rose to key rsst early, but STIR fell on Powell

  • New 10-yr JGB yld high made at 0.87%, nearing BoJ's 1.0% hard cap

  • And 2-yr JGB yld hit highest in 9 year as BoJ's inflation fight awaited

  • Japan CPI out tonight, as BoJ said ready to raise its inflation forecasts

  • Bigger threat above 150 is MoF intervention

  • BoJ regional econ update upbeat, Japan exports hit record level

  • Japan at risk if crude soars in ME conflict or China demand deteriorates

  • If USD/JPY clears 150, perhaps on below-f/c CPIs, Bollis await at 150.35/55

  • Uptrend intact unless kijun, now at 148.59, is closed below

  • Hard to see new 2023 highs reaching 2022's 151.94 peak

  • Plenty of 151 expiries and the key weekly ATR top at 151.37

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