USD/JPY Dollar-Yen 2024: Maintain Dollar-Yen Short Position
■Signs of position changes, events—July 12 (Friday)
・ Tokyo morning (12:30) yen weak, dollar weak. Nearing European time, yen weak, dollar weak. From Europe to London fix, yen strong across the board, dollar weak. From Europe to NY close, yen strong across the board, dollar weak.
・ Throughout Japan and Europe, dollar is weak.
・ Japan-China balance has not changed from the overnight positions up to the previous day.
・ There were press reports that the Bank of Japan performed rate checks on the euro-yen. In NY time, after PPI release, dollar selling. U.S. Treasuries retreat from short-term yields.
・ In order of strength against the dollar: yen, pound, euro, Australian dollar (daily Japan-China base).
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■ Tokyo market spot volume (7/11)
28,959 (million dollars)
10-day moving average 7,508
Recent 10-day maximum 28,959 (7/11)
Recent 10-day minimum 3,229 (7/1)
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■ US-Japan interest rates
・ U.S. Treasuries fell (bullish tone)
US02yr 4.458 (-0.061)
US05yr 4.107 (-0.037)
US10yr 4.187 (-0.027)
・ Japanese government bonds fell
JP02yr 0.319 (-0.013)
JP05yr 0.576 (-0.027)
JP10yr 1.042 (-0.037)
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■ Current positions
7/11 – SELL @ 161.46
(LAST @ 157.89)
Breakpoint for resumed decline: 158.18, return resistance 158.67
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■ Position changes 2024
7/09 – BUY @ 160.80
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
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