USD/JPY supported by Treasury yield rebound, but US data drag so far
Monday, May 18, 2015 1:22 PM UTC
- 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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