USD/JPY Dollar-Yen 2024: Sell USD/JPY
■ Signs of Position Change, Event – Thursday, August 23
・ Tokyo morning: dollar weak. As European time approaches, yen strengthens across the board and dollar weakens. From European time to the London fix, dollar weakens. From European time to the NY close, yen strengthens across the board and dollar weakens.
・ Throughout the day, dollar weak.
・ The day-long balance shifted to dollar selling at 145.40, moving to an overnight position.
・ After Chairman Powell's speech, dollar weak across the board.
・ In order of strongest against the dollar: yen, pound, Australian dollar, euro (based on the USDJPY).
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■ US and Japan Bond Markets
・ U.S. Treasuries indicate falling yields (bull steepening)
US02yr 3.920(-0.090)
US05yr 3.650(-0.070)
US10yr 3.801(-0.055)
・ Japanese government bonds show rising yields (bear steepening)
JP02yr 0.371(+0.014)
JP05yr 0.511(+0.016)
JP10yr 0.896(+0.021)
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■ Current Position
8/23 – SELL @ 145.40
(LAST @ 144.37)
Pullback re-test point 144.98, resistance on the upside 145.55
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■ Position Changes in 2024
8/23 – SELL @ 145.40
8/22 – BUY @ 145.95
8/16 – SELL @ 147.90
8/15 – BUY @ 147.05
8/13 – SELL @ 147.00
8/07 – BUY @ 145.35
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
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