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FxWirePro: USD/CAD outlook weaker on renewed downside pressure

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USD/JPY yield spread a drag today

Monday, June 8, 2015 12:41 PM UTC

USD/JPY big 125-126 expiries today, 1-mo volume down at late-May levels; RRs barely bullish
Tenkan & Fri's low at 124.31/36; stops past 126, but yield spread a drag today
Post-NFP surge toward 126 not confirmed by new RSI high or options pricing
JPY GDP revision got no help from dom consumption; Capital Account surplus key
Japan pensions, banks bid on dips into 125 & 124; Specs very long again on IMM
Thur's US Retail Sales next key event

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USD/JPY yield spread a drag today

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