- USD/JPY extending gains alongside further upside in the US yield curve through the cash equity open as bonds lead sell-off to new session lows in the last couple minutes. USD/JPY clear to 143.27 to top the 200-dma for first time since mid-December.
- Strength in the pair narrows gap with sizeable optionality rolling off at the Jan04 NY cut: Y143.25($705mln), Y143.85-00($1.8bln), Y145.00($740mln) and as high as Y146.50-60($1.3bln).
JPY: USD Firms Further as Belly of Yield Curve Lends Support
Last updated at:Jan-03 14:33By: Edward Hardy
US
- USD/JPY extending gains alongside further upside in the US yield curve through the cash equity open as bonds lead sell-off to new session lows in the last couple minutes. USD/JPY clear to 143.27 to top the 200-dma for first time since mid-December.
- Strength in the pair narrows gap with sizeable optionality rolling off at the Jan04 NY cut: Y143.25($705mln), Y143.85-00($1.8bln), Y145.00($740mln) and as high as Y146.50-60($1.3bln).
