eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• USD/JPY up 0.15% in Asia after finding support near 157.50 on Thursday
• Supported by higher oil prices, tech selloff; Nasdaq closed down 1.25%
• US crude closed 2.8% higher after 5.5% surge on Middle East tensions
• Japan August household spending falls 3.1% year/year
• Japan reboots DOGE-style spending review to fund Takaichi pledges
• Japanese markets and US bond markets closed Monday; Asia range 157.85-158.14
• Thu range 157.51-158.37; resistance 158.40-50, support 157.50, 157.00
JPY:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)