By Haruya Ida — Jan 29 - 01:16 AM
• Afternoon Tokyo trading has seen USD/JPY fall below its daily Ichi cloud
• USD/JPY 155.79 into the Tokyo fix to 155.01, through daily Ichimoku cloud
• Cloud tapering and currently 155.09-14, to fan out again tonight into NY
• Descending moving averages now topside too - 55/100/200-HMAs 155.24/59/72
• Massive $1.8 bln 155.00 option expiries supportive, 154.75 $700 mln too
• Soggy US yields to continue to help cap upside, Tsy 2s @4.188%, 10s @4.523%
• USD/JPY move down late Tokyo tipped to be pre-FOMC position adjustments
• Related comment , also , for more click on [FXBUZ]
USD/JPY hourly:
Yield on US Treasury 10s:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters