Trial now
EURGBP TECHS

Breaches Support

GBPUSD TECHS

Remains Under Pressure

EURUSD TECHS

Bear Cycle Extension

US TSY OPTIONS

30Y Put

COMMODITIES

Oil Bounces, Eyes Iran Poll and Gulf Weather

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Despite an initial uptick, USD/JPY lost steam at Y109.50 in Asia-Pac hours and ground lower through the rest of the day, extending its current losing streak to three days in a row. The 50-DMA at Y109.10 limited losses.

  • NHK reported that Japan is planning to approve Moderna's Covid-19 vaccine on May 21. Elsewhere, Yomiuri said that the JOC will start inoculating Japanese athletes on Jun 1.
  • Preliminary Q1 GDP data headline the local docket today. Looking further afield, final industrial output hits Wednesday, trade balance & core machine orders come out Thursday, while CPI & flash Jibun Bank PMIs are due Friday.
  • The rate last trades flat at Y109.20. A move through May 13 high of Y109.79 would bring Apr 9 high of Y109.96 into play. On the flip side, a fall through the aforementioned 50-DMA at Y109.10 & trendline support at Y108.91 would open up May 7 low of Y108.24.