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USD/JPY prices above the Kijun at 120.185

Source: Thomson Reuters


  • USD/JPY prices already above the Kijun at 120.185, but not the 120.37 Mar 31 high

  • Mon & Fri's post-NFP Cloud bounces will be confirmed with close past Kijun 

  • Setup is similar to the Feb 6 Kijun breakout that led to new trend highs

  • 2-yr yield spreads have been main drag on prices; new N225 highs ignored

  • Yield spreads partly driven down by Japan pension buys & negative EUR rates

  • Market Data
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