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USD/JPY spot caught in NY cut expiries

Friday, February 27, 2015 9:08 AM UTC

USD/JPY outlook finally for 120.00 & beyond
Japanese importers & investors buy on dips
Intra-day bulls force an hourly close back above 119.20 pivot
NY cut expiries: 118.50 (954M), 119.00 (723M), 119.50 (829M) & 120.00 (693M)
48H correlation with Nikkei futures up to +0.51; 30D with 5year UST/JGB at +0.56

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USD/JPY spot caught in NY cut expiries

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