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USD/JPY falters by the now-falling 200-HMA at 123.80

Friday, June 12, 2015 12:55 PM UTC

USD/JPY highs since Jun 8 have faltered by the now-falling 200-HMA, last at 123.80
2-yr yield spreads are supportive; 10s help today, too; PPI firm
50% Fibo, Tenkan & Thur's high at 124.16/19 are key pivots above 200-HMA
Questions re Japan's yen view & poor USD responses to NFPs & RS weigh
2.3bln of 123 expiries a potential drag into 10ET cut; bids into 123 & 122.37-50
Interim offers by 124, stops above

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USD/JPY falters by the now-falling 200-HMA at 123.80

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