• USD/JPY on the back foot again in Asia after an early pop to 141.17 EBS

• Pop on back of Japanese importer buys, some profit-taking by shorts

• Move above 141.00 roundly rejected however, off since to 140.20

• Series of daily lows, some harking back to September '24 pierced

• Next support 140.00, option barriers tipped at strike, large stops below too

• Next support 139.58 trough on September 16 '24, to be by-passed on stops?

• De-dollarization continuing apace on concerns over Fed Powell fate, tariffs

• Fibo retracements of 102.59-161.96 move between January '21-July '24 eyed

• Fibo 38.2 retracement at 139.28, 50% at 132.27, Fibo 61.8% at 125.26

• JPY crosses mostly steady amidst broad USD weakness

• EUR/JPY 161.78-162.22 EBS, GBP/JPY 187.75-188.77, AUD/JPY 90.06-56

• EUR/JPY sees E500 mln 160.20, E510 mln 164.95 option expiries today

• Related comments , , also ,
USD/JPY hourly:


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AUD/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)