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USD/JPY supported while Nikkei hits 15-year high

Nikkei close 18,332.30, 15-year high, +67.51 pts on day, +0.37%. USD/JPY supported by gains from stock but mainly treads water, range 118.85-119.10. USD/JPY could move higher in continued stock market gains. Offers heavy…

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  • Nikkei close 18,332.30, 15-year high, +67.51 pts on day, +0.37%.

  • USD/JPY supported by gains from stock but mainly treads water, range 118.85-119.10.

  • USD/JPY could move higher in continued stock market gains.

  • Offers heavy on 119, especially from 119.40-50, seeks month-end exporter sales.

  • Talk of left-over fund 45-day rule related sales, trimming JPY shorts.

 

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