USD/JPY Dollar/Yen 2024: Yen depreciation across the board, dollar strength

■Position Change Signals, Event - July 3 (Wednesday)

・ Tokyo morning: yen broadly weaker, dollar stronger. Yen broadly weaker, dollar weaker. As European hours approach, yen broadly weaker, dollar weaker. From NY to London fix, dollar broadly weaker. NY close, dollar weaker.

・ Throughout the Tokyo and New York sessions, yen broadly weaker, dollar weaker.

・ Japan and US balance shows no change from overnight positions up to the previous day. *Dollar/yen sell at 161.44 is denied and canceled.

・ After the US ISM Services PMI release, dollar broadly weaker (excluding the yen).

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

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■ Tokyo market spot volume (7/2)

5,709 (million dollars)

10-day moving average: 4,428

Recent 10 days high: 7,877 (6/28)

Recent 10 days low: 2,250 (6/19)

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■ U.S. and Japan yields

・ U.S. Treasuries: yields falling (bear steepening/blueflattish)

US02yr 4.708(-0.037)

US05yr 4.322(-0.076)

US10yr 4.355(-0.079)

・ Japanese government bonds: yields falling

JP02yr 0.347(-0.020)

JP05yr 0.594(-0.017)

JP10yr 1.095(-0.012)

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■ Current positions

6/13 – BUY @ 156.75

(LAST @ 161.71)

Support around 161.23, resistance at 161.50 for resumption of uptrend

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■ Position changes in 2024

6/13 – BUY @ 156.75

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