USD/JPY Dollar/Yen 2024: Yen short positions lead as US stocks continue to rise

■Position Change Signals, Event – July 10 (Wednesday)

・ Tokyo morning: yen weak, dollar weak. As European time approaches, yen weak, dollar weak. From European time to London fix, yen is broadly weak and dollar is weak. NY close: dollar weak (from Europe to NY, yen broadly weak, dollar weak).

・ Throughout the day, dollar is weak.

・ Daily balance: euro buying 1.0823, pound buying 1.2808, Aussie buying 0.6740, shifting to an overnight position.

・ Dollar-denominated strength leads as US stocks continue to rise; yen shorts are ahead.

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

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■ Tokyo market spot trading volume (7/9)

5,637 (million dollars)

10-day moving average: 4,954

Latest 10-day high: 7,877 (6/28)

Latest 10-day low: 3,229 (7/1)

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■ US and Japan interest rates

・ US Treasuries: rates fell (bull-flattening)

US 02yr 4.624 (-0.007)

US 05yr 4.241 (-0.005)

US 10yr 4.284 (-0.016)

・ Japanese government bonds: short-term rates fell

JP 02yr 0.331 (-0.018)

JP 05yr 0.603 (+0.024)

JP 10yr 1.086 (+0.007)

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■ Current positions

7/09 – BUY @ 160.80

(LAST @ 161.71)

Support at 161.47, rising again point at 161.60

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■ Position changes 2024

7/05 – SELL @ 161.20

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