USD/JPY Dollar/Yen 2024: The yen continues to weaken across the board while the dollar strengthens

■ Signs of Position Change, Event – Friday, June 21

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

・ Throughout the day, dollar strength.

・ Balance of the yen and dollar for the day: no change to the overnight positions from the previous day. ※ Euro/yen short 169.80, pound/yen short 201.00 have been canceled.

・ In order of strongest against the dollar: euro, Australian dollar, pound, yen (daytime basis).

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■ Tokyo market spot volume (6/19)

3,552 (million USD)

10-day moving average 4,031

Most in the last 10 days 6,757 (6/14)

Least in the last 10 days 2,250 (6/19)

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■ US/Japan interest rates

・ U.S. Treasuries: yields falling (bull steepening)

US02yr 4.734 (-0.010)

US05yr 4.272 (-0.004)

US10yr 4.257 (-0.006)

・ Japanese government bonds: yields rising

JP02yr 0.307 (+0.025)

JP05yr 0.541 (+0.029)

JP10yr 0.977 (+0.019)

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■ Current position

6/13 – BUY @ 156.75

(LAST @ 159.82)

Support at 159.12, rising re-acceleration point 159.38

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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