First appeared on eFXplus on May 30 - 10:40 PM
- USD/JPY top heavy at month-end, range so far 108.54-92, soggy.
- US yields soggy too after good bounce yesterday, Treasury 10s @2.843%.
- USD/JPY back below descending 55-HMA at 108.83, Ichi cloud base 108.60.
- Hourly Ichi cloud base lower to 108.55 before turning up again.
- USD888 mln total option expiries between 108.75-90 to help cap, more above.
- Bias down, Japanese exporters look to sell on rallies again.
Thomson Reuters IFR Markets