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Marginally Pressured, ¥150 Handle In Sight

JPY

The Yen has been marginally pressured in recent dealing as US Tsy Yields weigh, Tsys have ticked lower today after a US Govt Shutdown was averted.

  • USD/JPY is up ~0.2% and sits at ¥149.70/75.
  • The trend outlook for USD/JPY is unchanged and remains bullish. Resistance comes in at ¥149.71, high from October 24 2022, then ¥150 which is round number resistance. Support is seen at ¥147.82 the 20-Day EMA.

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