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TDUX
Oct 15 - 01:55 AM
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USD/JPY - Off Hard, Good Sales, JPY Crosses Mostly In Stasis

By Haruya Ida  —  Oct 14 - 11:55 PM

• USD/JPY off hard on good sales, lower US yields despite "hot" US CPI

• Seems market may not be eyeing October Fed hike given split FOMC board

• Yield on US Treasury 2s to 4.715%, 10s to 5.098% in Asia

• Japanese exporters again on offer, likely joined by specs

• USD/JPY from 158.95 high yesterday, 158.33 early high to 157.59 EBS

• Back below 158.57 200-DMA, into 156.64-158.44 daily Ichimoku cloud

• Eyes on 157.52 low October 8, 157.46 low October 5, 156.96 October 2

• Massive option expiries in area to help contain spot action

• Between 157.00-60 total $3 bln, between 158.00-60 total $3.3 bln

• EUR/JPY 176.53 to 177.12 EBS, bouncing but still in recent lower range

• To 177.12 100-HMA, into 177.02-17 hourly Ichi cloud, 200-HMA 177.32

• CHF/JPY 189.42 to 190.52, some bounce but also holding in lower range

• GBP/JPY 208.49-209.08, also holding in recent lower range

• AUD/JPY heavy, 110.38 to 109.45 but also holding in lower range

• NZD/JPY 88.27-84, in recent lower range

• Related comments , , also

• On BOJ Koeda-speak , Japan machinery orders
USD/JPY:


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AUD/JPY:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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