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FxWirePro- Major European Indices

FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

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USD/JPY 120 expiries attract, slips to support by 119.90

Thursday, March 5, 2015 3:11 PM UTC

Source: Thomson Reuters

Huge 3bln of 120 expires attracts USD/JPY into 10ET
Pair falls toward intraday supports by 119.90
US Jobless Claims miss hurts Treasury yields & N225 unable to make new highs for week
There is an increased risk of reversion to 21-DMA at 119.18 & rising while Bolli caps
Macros sells by 120.40 & ahead of Feb high/Bolli top cap exporters capped with

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USD/JPY 120 expiries attract, slips to support by 119.90

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