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USD/JPY supported by Treasury yield rebound, but US data drag so far

Treasury yield rebound from Fri's data-driven plunge supports USD/JPY on the day Japan bidders remain c119 on foreign asset buying/yield pick-up after recent profit-taking Spec & exp offers into 120 & Cloud top at 119.98…

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  • Treasury yield rebound from Fri's data-driven plunge supports USD/JPY on the day

  • Japan bidders remain c119 on foreign asset buying/yield pick-up after recent profit-taking

  • Spec & exp offers into 120 & Cloud top at 119.98; expiries heaviest by there

  • Short-Term cycle turning back up, but sideways Medium-Term mean reverting dominates

  • Mostly US housing data until CPI on Fri; Fed tightening doubts without data surge

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