IRAN: US VP Vance: Israelis Offered To "Check Themselves" In Lebanon - BBG
A modest risk-on move with the USD pulling back and equities rising as Bloomberg headlines report Vi...
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USDJPY TECHS: Approaching Key Resistance
- RES 4: 160.00 Psychological round number
- RES 3: 159.45 High Jan 14 and the bull trigger
- RES 2: 159.23 High Jan 23
- RES 1: 158.90 Intraday high
- PRICE: 158.60 @ 15:56 GMT Mar 9
- SUP 1: 155.78/154.00 50-day EMA / Low Feb 23
- SUP 2: 152.67 Trendline support drawn from the Apr 22 ‘25 low
- SUP 3: 152.10 Low Jan 27 and a bear trigger
- SUP 4: 151.54 Low Oct 29 ‘25
The current bull cycle in USDJPY remains intact and today’s bullish start to the week reinforces current conditions. Price remains above the 50-day EMA that was recently breached. That break highlights a stronger reversal. Note too that resistance at 157.76, the Feb 9 high, has been cleared. The clear breach of this level opens 159.45, the Jan 14 high and a key hurdle for bulls. Initial firm support lies at 155.78, the 50-day EMA.
US TSYS: Late Risk-On Moves as Trump Suggests End of War "Soon"
- Knee jerk reactions across the board after Pres Trump said the Iran war "could be over soon" during phone in interview.
- TYM6 currently +3 at 112-17 vs. 112-18 high.
- Cross asset update: Bbg US$ retreats: BBDXY -1.52 at 1201.82; SPX emini climbs higher: up 25.25 points (0.37%) at 6670.5.
GLOBAL: CBS: Trump Says War Could Be Over Soon
Oil prices drop a quick $4/bbl with equities at session highs and the USD at session lows as CBS Senior White House Correspondent reports on x.com: @weijia: "NEW—In a phone interview, President Trump told me the war could be over soon: “I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force.” He added that the U.S. is “very far” ahead of his initial 4-5 week estimated time frame."
