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USD/JPY This morning decreased. The safe safe demand was the main catalyst as the UST-JGB differences also narrowed. The pair was another at 144.74 levels, FX analysts at OcBC Frances Cheung, Christopher Wong Note, and FX analysts from OcBC Frances Cheung and Christopher Wong Note.
The risk of short pressure in the US dollar/JPY is not excluded
“Daily momentum is a mild drop while RSI decreased. Permapped risks to the negative side. Support at a level of 144.10. Resistance in 147, 148.75 (21 DMA) and 150.30 (50 DMA). But with high UST revenues, it is also not careful to wander USD/JPY.
“But then, we are still looking for the dollar/JPY to some extent, based on the safe flow of mitigation and feeding- Bog Policy difference (Federal Reserve Reduction cycle while BOJ has an area to continue to normalize policy). ”
“Wages must continue, expand inflation in services, and optimistic economic activities in Japan, Expectations to some extent. The difference in the Fed-Boj policy should narrow more of the UST-JGB differences, in turn supports the broader direction to travel to USDJPY to the negative side. “
