USD/JPY Dollar/Yen 2024: shifting to sell at 156.80

■Position change signs, events – June 3 (Friday)

・Tokyo morning: yen weak, dollar weak. As European time approaches, dollar strengthens and yen strengthens. From NY to London fix, dollar weak. NY close: yen broadly strong, dollar weak.

・Intraday balance shifts to selling USD/JPY at 156.80 and moves to an overnight position.

※ Euro selling 1.0838, Pound selling 1.2725, Aussie selling 0.6644, Euro/yen selling 169.90, Pound/yen selling 199.70 are cancelled.

・At the start of the week, dollar selling leads, with cross yen steady as yen and dollar weaken. As European time nears, pound selling leads to euro selling. Cross yen decline pressures USD/JPY. In NY, watching ISM figures, dollar selling leads, and by the close, dollar broadly weak.

・U.S. interest rates fall rapidly.

・In order of strongest against the dollar: yen, pound, euro, AUD (on a USD basis).

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■ Tokyo market spot volume (5/31)

4,294 (million dollars)

Recent 10-day maximum 5,183 (5/30)

Recent 10-day minimum 2,551 (5/22)

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■ U.S. and Japan interest rates

・ U.S. Treasuries are falling in yield (bull flattening)

US02yr 4.814 (-0.065)

US05yr 4.408 (-0.101)

US10yr 4.390 (-0.112)

・ Japanese Government Bonds yield falls

JP02yr 0.403 (-0.000)

JP05yr 0.621 (-0.014)

JP10yr 1.056 (-0.017)

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■ Current positions

6/3 – SELL @ 156.80

(LAST @ 156.07)

Lower level support confirmation point 156.53, return resistance 156.89

Support 156.87, rising continuation confirmation point 157.05

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■ Position changes

5/31 – BUY @ 157.25

5/30 – SELL @ 157.00

5/17 – BUY @ 155.60

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