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USD/JPY daily range capped by Cloud base & 100-DMA

  • USD dips with Treasury yields after claims near historic low, but PPI well below forecast 

  • USD/JPY day's range capped by Cloud base & 100-DMA at 119.34-35; 1st since July

  • Japan bids below 119, but techs point to test of lower Bolli & Apr lows by 118.50

  • USD1.3b of 119.0-10 expires & 2.7b of 120s at 10 ET may support until then

  • Market Data
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