USD/JPY Dollar-Yen 2024: While continuing to show a bearish stance, the dollar-yen remains neutral in mood

■Position Change Sign, Event – July 25 (Thursday)

・ Tokyo morning (12:30) yen broadly high, dollar broadly weak. As European time approaches, yen broadly strong, dollar weak. From Europe to London fix, yen broadly weak, dollar weak. From Europe to NY close, yen broadly weak, dollar strong.

・ Throughout Asia and Europe, the dollar is strong.

・ Daily balance remains unchanged from the previous day’s overnight positions. *Euro buying 1.0852 has been canceled.

・ In terms of the strongest against the dollar, Euro, Yen, Aussie, and Pound (based on intraday).

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■ Tokyo Market Spot Volume (7/23)

5,198 (million dollars)

10-day moving average 9,764

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

Recent 10-day low 4,525 (7/22)

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■ US-JP Yields

・ U.S. Treasuries see yields retreat (bull flatten).

US02yr 4.433(-0.002)

US05yr 4.134(-0.041)

US10yr 4.245(-0.043)

・ Japanese government bonds see short-term yields rise (twist flatten).

JP02yr 0.393(+0.021)

JP05yr 0.633(+0.004)

JP10yr 1.062(-0.010)

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■ Current Position

7/22 – SELL @ 157.30

(LAST @ 153.92)

Re-entry point for decline resume 152.86, return resistance 153.41

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■ Position Changes 2024

7/22 – SELL @ 157.30

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