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

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…

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