USD/JPY Dollar-Yen 2024: Turning to Buy at 157.37

■ Position Change Indicators, Event – July 18 (Thursday)

・ Tokyo morning: dollar up. As European time approaches, yen weak, dollar strong. From Europe to London fix, yen is broadly weak while dollar is strong. From Europe to the NY close, yen broadly weak and dollar strong.

・ Across the day, dollar strength.

・ The day’s balance shifted to buying USD/JPY at 157.37 and selling EUR at 1.0915, selling GBP at 1.2995, transitioning to an overnight position.

・ In terms of the strongest to weakest against the dollar: AUD, EUR, GBP, JPY (based on the day).

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ Tokyo market spot volume (7/12)

5,889 (million dollars)

10-day moving average 9,754

Nearest 10-day high 28,959 (7/11)

Nearest 10-day low 4,351 (7/8)

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ US and Japan interest rates

・ US Treasuries are rising in yield (bear steepening)

US 02yr 4.471 (+0.029)

US 05yr 4.117 (+0.036)

US 10yr 4.202 (+0.043)

・ Japanese government bonds are rising in yield (bear flattening)

JP 02yr 0.336 (+0.011)

JP 05yr 0.590 (+0.012)

JP 10yr 1.040 (+0.003)

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ Current position

7/18 – BUY @ 157.37

(LAST @ 157.37)

Support at 156.16, glide point to resume up move 156.63

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■ Position changes 2024

7/18 – BUY @ 157.37

7/17 – SELL @ 158.35

7/16 – BUY @ 158.60

7/11 – SELL @ 161.46

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