USD/JPY retracement up over? Back in ascending Ichi cloud
Month-end buy-backs, bounce in US yields helped, USD/JPY to 148.52
Tad lower than yesterday's high in Asia, 147.82-148.17 EBS so far
USD/JPY back in its ascending 147.61-149.40 daily Ichi cloud however
100-DMA below at 147.18, support area on latest move down
Hourly Ichi cloud 147.28-75 support just ahead, 55-HMA 147.45 in cloud
Hefty option expiries in area today also, may help contain action
147.00 $1.2 bln, 147.50 $570 mln, 147.70-75 $989 mln, 148.00 $802 mln
148.50 $1.1 bln too, likely cap today, 146.50 presumed KOs out of focus
Despite bounce o/n, US yields still soggy, Tsy 2s @4.660%, 10s @4.311%
Fresh moves in US yields eyed but most eyeing quiet start to month
Related comments nL1N3CU0WV, nL1N3CV0ZA, nL1N3CV0Q8, nL1N3CN05Q
Also nL1N3CV2ZR, nL1N3CV2S5, on US data nL1N3CV1MH, nW1N3CV00E
US markets nL1N3CV2W4, nL1N3CV3PE, nL4N3CV3QC, nL1N3CV0BS
On Fed thinking nL1N3CV1RE, for more click on FXBUZ
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3Gqk6OK
Yield on US Treasury 2s: https://tmsnrt.rs/47Ap9rv
(Haruya Ida is a Reuters market analyst. The views expressed are his own)</body></html>
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