USDJPY TECHS: Bear Threat Still Present
May-09 05:21
- RES 4: 139.59 50.0% retracement of the Oct - Jan bear cycle
- RES 3: 138.17 High Dec 15
- RES 2: 136.63/137.91 High May 3 / High Mar 8 and key resistance
- RES 1: 135.64 50.0% retracement of the May 2 - 4 bear leg
- PRICE: 134.97 @ 06:17 BST May 9
- SUP 1: 133.50 Low May 5
- SUP 2: 133.02 Low Apr 26 and a key near-term support
- SUP 3: 132.75 61.8% retracement of the Mar 24 - May 2 bull leg
- SUP 4: 132.02 Low Apr 13
USDJPY appears vulnerable near-term following last week’s bearish price action and despite the latest shallow recovery. Price has breached the 20-day EMA and pierced support at the 50-day EMA which intersects at 133.95. A clear breach of this EMA would undermine the recent bullish theme and signal scope for a deeper pullback. Key resistance is unchanged at 137.91, the Mar 8 high. Initial firm resistance is at 136.63, last Wednesday’s high.
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MNI: US BANK DEPOSITS DECLINED BY $65B WEEK ENDING MARCH 29
Apr-07 22:03
- MNI: US BANK DEPOSITS DECLINED BY $65B WEEK ENDING MARCH 29
- FED DATA: SMALL BANK DESPOSITS INCREASED $1.5B WEEK OF MARCH 29
- FED DATA: LARGE BANK DEPOSITS DECLINED $40B WEEK OF MARCH 29
MNI: US FEB CONSUMER CREDIT +$15.3B
Apr-07 19:00
- MNI: US FEB CONSUMER CREDIT +$15.3B
- US FEB REVOLVING CREDIT +$5.0B
- US FEB NONREVOLVING CREDIT +$10.3B
STIR: UPDATE BLOCK, Jun'23 SOFR Structure
Apr-07 14:53
Volume update, package Blocked at 0930:52ET to 1028:13ET ref 95.06:
- -10,000 SFRM3 95.25/95.50 call spds, 2.5 to 3.25 vs.
- +10,000 SFRM3 94.93/95.00 put spds, 2.5 to 3.0
