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Decent U.S. data provides USD/JPY modest lift; 123.20-25 key

  • Above-forecast US Consumption, decent Income & PCE data provide modest lift to USD/JPY 

  • Kijun, Jun 19 low & 61.8% of 122.48-124.38 at 123.25, 21, 20; stops below

  • N225 futures & 2-yr spreads supportive, but broader risk-off mood weighs

  • Yen still favored as a haven amid stalled Greek talks & as CHF hit by Jordan 

  • Y893bln Japanese selling of foreign bonds last week a headwind for uptrend

  • Market Data
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