USD/JPY Dollar-Yen 2024: Buy Reversal
■Position Change, Signs – September 25 (Wednesday)
・ Tokyo morning: yen weak, dollar weak. As European time approaches, yen overall weak, dollar strong. From European time to London fix, yen overall weak, dollar strong.
・ Throughout Japan and Europe, dollar strength.
・ Japan-China balance shifted to buy dollar/yen at 143.55. Moved to overnight position.
・ In order of strength against the dollar: euro, aussie, pound, yen (Japan-China basis).
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・ US Treasuries: rising rates (bear steepening)
US02yr 3.559(+0.017)
US05yr 3.527(+0.057)
US10yr 3.789(+0.057)
・ Japanese government bonds: falling rates
JP02yr 0.339（-0.007）
JP05yr 0.463（+0.001）
JP10yr 0.809（-0.007）
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■ Current Position
9/25 – BUY＠143.55
(LAST＠144.65）
Support at 143.65, resistance at 144.10 for resumed rise
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■ Position Changes 2024
9/10 – SELL＠143.65
9/17 – BUY＠140.66
9/10 – SELL＠143.10
9/09 – BUY＠143.14
9/03 – SELL＠146.30
8/29 – BUY＠144.65
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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