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USD/JPY extends gains on strong US JOLTS data

USD/JPY rebound off 123.86 & hourly up TrendLine from last week's lows making new highs Pair still below daily Tenkan at 124.68 & day's high/200-HMA at 124.74 2 & 10-yr yield spreads up, though N225 futures are lagging J…

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  • USD/JPY rebound off 123.86 & hourly up TrendLine from last week's lows making new highs

  • Pair still below daily Tenkan at 124.68 & day's high/200-HMA at 124.74

  • 2 & 10-yr yield spreads up, though N225 futures are lagging

  • JOLTS Apr Jobs Openings surged to 5379 from 5109; Wholesale Sales +1.6%

  • Sep Fed hike forecast v BOJ's QQE2 underpins; risk aversion other key variable

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