USD/JPY Dollar-Yen 2024: Dollar buying continues

■Signs of Position Change, Event - Friday, June 14

・Tokyo morning (12:30) yen weakness across the board, dollar strength. Approaching European time, yen weakness across the board and dollar strength. From NYC to London fix, yen strengthens while the dollar strengthens. AtNY close, yen strengthens and the dollar strengthens.

・Throughout the day, the dollar is strong.

・The USD/JPY balance changed to selling 200.30 in GBP/JPY and selling 104.10 in AUD/JPY, shifting to an overnight position. *Euro/JPY buying at 169.45 was canceled.

・The BOJ meeting decision news came at 12:23. Before that, there was a premature move, making a low of 156.90. At the BOJ Governor's press conference, crosses were heavy and the USD/JPY could not rise, making a high of 158.26. In European time, Euro selling led to dollar buying, followed by a short covering in NY where Euro selling led the buying back.

・In order of strength against the dollar: AUD, EUR, JPY, GBP (on a day-to-day basis).

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■ Tokyo market spot volume (6/13)

5,758 (million dollars)

10-day moving average 4,234

10-day high in the last 10 days 5,758 (6/13)

10-day low in the last 10 days 3,110 (6/03)

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■ U.S.-Japan interest rates

・U.S. Treasuries show a decline in yields (bull flattening)

US02yr 4.703(-0.053)

US05yr 4.248(-0.072)

US10yr 4.248(-0.068)

・ Japanese government bonds show a yield decline

JP02yr 0.319(-0.016)

JP05yr 0.552(+0.004)

JP10yr 0.970(-0.017)

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■ Current position

6/13 – BUY @ 156.75

(LAST @ 157.40)

Support at 157.41, rising resume confirmation point 157.74

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■ Position changes 2024

6/12 – SELL @ 156.50

6/07 – BUY @ 156.10

6/06 – SELL @ 155.70

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