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Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45

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122 expiry reinforces USD/JPY's rebound; yields, stocks underpin

Wednesday, March 11, 2015 1:10 PM UTC

Source: Thomson Reuters

USD/JPY's rebound reinforced by USD1.2bln of 122 expiries at 10ET
Light offers 121.60-65 from prior hourly breakdown point; 122 offers, stops 122.05+
N225 futures rising, USD-JPY 2-yr yield spread up, but well below Mar 6 peak
Rebound in global equities making Yen a more attractive sell, Weak China data also weighs

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122 expiry reinforces USD/JPY's rebound; yields, stocks underpin

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