USD/JPY Dollar/Yen 2024: 155.70 turning to sell

■Position Change Signals, Event — June 6 (Thu)

・Tokyo morning: yen broadly firmer, dollar weaker. As Europe hours approach, yen broadly firmer and dollar softer. From NY to London fix, yen stronger and dollar stronger. NY close: yen broadly firmer, dollar weaker.

・Day-to-day balance: dollar/yen sold at 155.70, euro bought at 1.0880, Australian dollar bought at 0.6660, euro/yen bought at 169.50, Australian dollar/yen bought at 103.70, shifting to an overnight position. *Pound sold at 1.2770 was canceled.

・Nikkei Bank of Japan Policy Board member Nakamura's comment, “I think raising interest rates at this timing is a little early,” reignited yen short. NY moved without a clear direction, but drifted toward dollar weakness toward the close.

・In order of strength against the dollar: yen, euro, Australian dollar, pound (on a yen basis).

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ Tokyo market spot volume (6/5)

4,746 (million dollars)

10-day moving average: 3,846

Latest 10-day high: 5,183 (5/30)

Latest 10-day low: 2,712 (5/23)

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ US and Japan interest rates

・ US Treasuries see rising yields (bear steepening)

US02yr 4.728 (+0.006)

US05yr 4.301 (+0.005)

US10yr 4.289 (+0.012)

・ Japanese government bonds see yields fall (bull flattening)

JP02yr 0.343 (-0.022)

JP05yr 0.545 (-0.029)

JP10yr 0.964 (-0.045)

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ Current positions

6/06 – SELL @ 155.70

(LAST @ 154.60)

Support for further declines point 155.78, pullback resistance 156.03

Support at lower end 155.44, rise recommencement point 155.84

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ Position changes 2024

6/05 – BUY @ 155.80

6/03 – SELL @ 156.80

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