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USD/JPY trendLine, cloud top, expiries by 120 attract

USD/JPY spikes below Cloud/50% Fib at 118.94, but no closes below them COT net short Yen posis almost back to flat; yield spreads starting basing out Fed & BOJ seen steady this week; Japan CPI & GDP both weak, but BOJ QQ…

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  • USD/JPY spikes below Cloud/50% Fib at 118.94, but no closes below them

  • COT net short Yen posis almost back to flat; yield spreads starting basing out

  • Fed & BOJ seen steady this week; Japan CPI & GDP both weak, but BOJ QQE3 surprise doubted

  • Treasury yields & Fed hike expectations the main driver (Q2 rebound proof key)

  • TrendLine, Cloud top, expiries by 120 attract

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