USD/JPY Dollar/Yen 2024: Yen broadly weaker, Dollar stronger

■Signs of position changes, events — June 20 (Thursday)

・ Tokyo morning: yen strengthens and dollar strengthens. As European time approaches, dollar strengthens. From New York to London fix, yen shows broad weakness and dollar strengthens. NY close: yen broad weakness and dollar strengthens.

・ Throughout the day, dollar strengthens.

・ Daytime balance shifted to selling euro at 1.0735, selling pound at 1.2714, selling Aussie at 0.6663, moving to overnight positions.

・ Following the SNB rate cut decision, tilt toward dollar buying. As NY opens, yen shows broad weakness and dollar strengthens.

・ In order of strongest against the dollar: Aussie, euro, pound, yen (based on intraday).

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■ Tokyo market spot volume (6/19)

2,250 (millions of dollars)

10-day moving average 4,124

Most recent 10 days maximum 6,757 (6/14)

Most recent 10 days minimum 2,250 (6/19)

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■ US-Japan interest rates

・ US Treasuries show rising yields (bear steepening)

US 02yr 4.741 (+0.029)

US 05yr 4.275 (+0.041)

US 10yr 4.261 (+0.046)

・ Japanese government bonds show rising long-term yields

JP 02yr 0.281 (-0.003)

JP 05yr 0.512 (+0.012)

JP 10yr 0.957 (+0.032)

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■ Current positions

6/13 – BUY @ 156.75

(LAST @ 158.93)

Support at 158.31, rising again point at 158.55

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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