USD/JPY Dollar-Yen 2024: Upward momentum fading
■Position Change Signals, Event - July 4 (Thu)
・Tokyo morning: yen strong and dollar strong. As European time approaches, yen tends to strengthen across the board and dollar weakens. From NY to London fix (25:00), dollar weakens. NY close also dollar weakens.
・Throughout the day, dollar weakens.
・Dollar-yen balance maintains positions from the previous day’s overnight. ※Dollar-yen sell at 161.22 has been canceled.
・In terms of dollar strength order, yen, euro, AUD, pound (intraday basis).
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■ Tokyo market spot volume (7/3)
5,552 (million dollars)
10-day moving average 4,758
Recent 10-day high 7,877 (6/28)
Recent 10-day low 3,229 (7/1)
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■ US-Japan interest rates
・ US Treasuries fell (bull flattening); week ending
US02yr 4.708(-0.037)
US05yr 4.322(-0.076)
US10yr 4.355(-0.079)
・ Japanese government bonds fell
JP02yr 0.337(-0.009)
JP05yr 0.578(-0.009)
JP10yr 1.075(-0.023)
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■ Current positions
6/13 – BUY@156.75
(LAST@161.27)
Support at 161.20, breakout point 161.42 to resume rise
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■ Position changes 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
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