USD/JPY knee-jerk bid on US data, clears 200-HMA, daily Tenkan at 120

Source: Thomson Reuters

• USD/JPY Knee-jerk bid after US data, Treasury yields since slipped 
  
  
• Pair clears 200-HMA, daily Tenkan at 120 
  
  
• But US Savings surge raises questions, core PCE up 0.1% at 1.4% y/y & 0.4% m/m Income rise
  
  
• Daily Kijun at 120.185 pivotal after key Cloud & Fibo rebounds last week
  
  
• Risk of QQE3 to rise in Tankan poor on Wed after IP's downside miss overnight