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

Thursday, April 9, 2015 2:12 PM UTC

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

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

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