USD/JPY Dollar-Yen - 2024: Yen at weakest, overall market shifts to dollar selling
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■Signs of position change, events—May 24 (Friday)
・Tokyo morning: dollar up. As European hours approach, yen weak, dollar weak. From NY to London fix, dollar weak. NY close: dollar weak.
・Balanced USD/JPY: euro buying at 1.0841, pound buying at 1.2724, aussie/yen buying at 104.00, shifting to an overnight position.
・Dollar index turns to selling, with crosses firm under the weakest yen.
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■ Tokyo market spot volume (5/23)
2,712 (million dollars)
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■ U.S.-Japan interest rates
・ U.S. Treasuries show long-term yields falling (twist flattening)
US02yr 4.946 (+0.006)
US05yr 4.528 (-0.004)
US10yr 4.467 (-0.010)
・ Japanese government bonds show long-term yields rising
JP02yr 0.339 (-0.004)
JP05yr 0.581 (+0.004)
JP10yr 1.004 (+0.009)
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■ Current positions
5/17 – BUY @ 155.60
(LAST @ 156.96)
Support at 156.94; rise resume confirmation point 157.02
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■ Positioning changes
5/15 – SELL @ 156.30
5/06 – BUY @ 153.40
5/01 – SELL @ 156.25
4/30 – BUY @ 156.77
4/29 – SELL @ 156.36
4/05 – BUY @ 151.63
4/04 – SELL @ 151.33
4/01 – BUY @ 151.39
3/27 – SELL @ 151.35
3/12 – BUY @ 146.90
3/05 – SELL @ 150.11
3/04 – BUY @ 150.43
2/29 – SELL @ 150.55
2/21 – BUY @ 150.16
2/20 – SELL @ 150.01
2/19 – BUY @ 150.10
2/15 – SELL @ 150.48
2/07 – BUY @ 148.03
2/06 – SELL @ 148.44
2/02 – BUY @ 146.70
1/31 – SELL @ 147.41
1/30 – BUY @ 147.60
1/29 – SELL @ 147.71
1/25 – BUY @ 147.65
1/24 – SELL @ 147.95
1/15 – BUY @ 145.11
1/12 – SELL @ 145.35
1/09 – BUY @ 144.45
1/08 – SELL @ 144.63
1/02 – BUY @ 141.50
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