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USD/JPY 1-month volumes at pre QQE2 lows

Source: Thomson Reuters USD/JPY overnight low at 118.62 just above converged Kijun & 21-DMA at 118.57 Rebound since probes falling Tenkan & exporter/mo-end offers by 119 Cloud bottom, Feb 16 lo, 61.8% 118.10-11 USD-JPY y…

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USD/JPY 1-month volumes at pre QQE2 lows
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Source: Thomson Reuters


  • USD/JPY overnight low at 118.62 just above converged Kijun & 21-DMA at 118.57

  • Rebound since probes falling Tenkan & exporter/mo-end offers by 119

  • Cloud bottom, Feb 16 lo, 61.8% 118.10-11

  • USD-JPY yield spreads edge slightly higher 

  • 1-mo volume at lowest since Oct 30 & pre QQE2 launch

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