eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• USD/JPY holding on 158 into US NFP/jobs report, Asia 158.21-57 EBS
• Tracks away some from 158.55 high overnight however
• Weak US jobs report could see USD off, US-Iran stalemate however
• USD/JPY holding under 158.92-161.28 daily Ichi cloud, above 158.07 200-DMA
• In area of 158.39 hourly Ichi tenkan, kijun 158.08 below, cloud 157.58-64
• $765 mln option expiries today at 158.00 supportive too, 158.25-50 $623 mln
• Total $3.1 bln between 159.00-160.00 to help cap on any further rallies
• Threat of more solo/joint FX intervention too though expectations fading
• EUR/JPY better bid, Asia 182.48-68 EBS, best since intervention last week
• Above 182.47 hourly Ichimoku tenkan, kijun 182.30, cloud 181.12-83
• GBP/JPY buoyant, 212.78-213.25 but daily Ichimoku cloud 213.50-214.22 above
• Support from 212.74 hourly Ichimoku kijun, ascending 200-DMA at 211.86
• AUD/JPY 111.14-46, resistance at 111.50 high yesterday
• 110.69-111.16 hourly Ichimoku cloud cushion of sorts, supportive
• NZD/JPY 92.80-93.04, 93.07 high yesterday resistance, 100-DMA 93.14 above
• 82.50-93.21 daily cloud to cushion any falls, 92.63-72 hourly cloud too
• CHF/JPY outlier and tad heavy, 194.67-195.10, down from 195.60 yesterday
• At base of 194.23-82 hourly Ichimoku cloud, 100-HMA 194.63 below
• Japan data on April-May intervention, household spending taken in stride
• News too Japan weighs greater investment flexibility for GPIF
• Changes to GPIF, other Japanese institution investments seen yen supportive
• Also news Japan weighing changes to proprietary trading cap
• Related comment , also , on Japan data
USD/JPY hourly:
JGB-US Treasury 2-year interest rate differential - hourly:
Nikkei 225 hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)