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USD/JPY next hurdle is upper 21-wk Bolli band at 121.60

Source: Thomson Reuters Treasury yield curve flattening after CPI data, brings new May USD/JPY high USD/JPY next hurdle is upper 21-wk Bolli band at 121.60; 121.46 the on-close pivot 2.2b of 122.00 expires at 10ET a draw…

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USD/JPY next hurdle is upper 21-wk Bolli band at 121.60
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Source: Thomson Reuters


  • Treasury yield curve flattening after CPI data, brings new May USD/JPY high

  • USD/JPY next hurdle is upper 21-wk Bolli band at 121.60; 121.46 the on-close pivot

  • 2.2b of 122.00 expires at 10ET a draw toward the 122.04 trend high

  • Small amount of net spec IMM short Yen positions leaves more room for rise 

  • Yellen's 13:00ET speech key to keeping tightening hopes & USD up

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