USD/JPY Dollar/Yen 2024: Dollar-selling dominant currency moves to the Euro

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

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

・Throughout Asia and Europe: small dollar weakness.

・Dollar-selling leading currency shifts toward the euro.

・In order of dollar strength (weakest to strongest): yen, pound, Australian dollar, euro (based on intraday).

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■ Tokyo market spot volume (7/25)

6,365 (million dollars)

10-day moving average: 9,989

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

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

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■ US/Japan interest rates

・U.S. Treasuries: rates down (bull flattening)

US02yr 4.387 (-0.048)

US05yr 4.078 (-0.055)

US10yr 4.194 (-0.051)

・Japanese government bonds: short-term rates rising

JP02yr 0.391 (+0.005)

JP05yr 0.626 (-0.003)

JP10yr 1.055 (-0.004)

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■ Current positions

7/22 – SELL @ 157.30

(LAST @ 153.76)

Break-even/return point at 153.75, return resistance at 154.13

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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