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TDUX
Sep 28 - 08:55 PM
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USD/JPY - On Hold On 157, Impact Of Off'l Jaw-Boning?

By Haruya Ida  —  Sep 28 - 08:23 PM

• Comments from Japan FinMin Katayama, US TsySec Bessent, MOF's Mimura impact

• Katayama and Bessent spoke Friday, Mimura yesterday, warned of FX action

• Mimura especially adamant in Reuters exclusive, action towards USD/JPY 160?

• USD/JPY range yesterday 156.51-157.85, Asia so far today 157.30-45 EBS

• Japanese importer demand at Tokyo fix, exporter offers eyed on rallies

• Could be stasis today awaiting fresh news, US jobs report on Friday

• Crude oil prices have steadied, yen supportive? Some yen longs pared too

• Support from 156.64 flat daily Ichimoku kijun, 200-DMA 158.47 resistance

• Spot currently pivoting around ascending 200-HMA at 157.36

• Now descending hourly Ichimoku cloud 157.60-98 above

• Some option expiries below on 156, 157.00 $485 mln, 157.50-65 $758 mln

• JGB-US Tsy rate differential off some in 2s, still at recent wides in 10s

• Related comments , , , also

• US markets , , ,

• On Mimura-speak , for more click on [FXBUZ]

USD/JPY:


JGB-US Treasury 2-year interest rate differential:


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

Source:
London Stock Exchange Group | Thomson Reuters
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