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USD/JPY pivots in play on US savings rate rise

USD & UST yields dip on rise in Savings Rate, flat Spending, below forecast PCEs Rising US income not turning into spending rise; shows consumers cautious Pair pierces thin hourly Cloud (base 123.93); 200-HMA & up TrendL…

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  • USD & UST yields dip on rise in Savings Rate, flat Spending, below forecast PCEs

  • Rising US income not turning into spending rise; shows consumers cautious

  • Pair pierces thin hourly Cloud (base 123.93); 200-HMA & up TrendLine by 123.75

  • Japan importer & spec bids seen by 123.75, but stops building below there & 123.50

  • Dailies studies mostly overbought 

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