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USD/JPY above daily Tenkan for the 3rd day, shrugs off yr-end flows

Source: Thomson Reuters


  • USD/JPY shrugs off Y3tln of Japanese pre FY-end selling of foreign bonds 

  • Pair also underpinned by rising USD-JPY 2-yr yield spreads, chase N225 gains

  • Pair is above daily Tenkan for the 3rd day & 1st above down TrendLine from Mar-Apr high (119.78)

  • Offers seen at 120.35-45, but stops above 120.50; Exporter offers above 121

  • Market Data
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