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JPY: Some upside extensions for the Yen

JPY
BulletMarketsForeign Exchange Bullets
  • The Yen is extending broader gains, at fresh intraday highs against the USD and GBP, US Treasuries have been underpinned so far today, and the big Risk Off tone may also be providing a bid, although not the same can be said for the Swissy, with the latter pretty much unmoved, but some USDCHF offers seems to be emerging now.
  • There isn't much in terms of support in the USDJPY at current levels, most will look at 156.00 initially.
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  • The Yen is extending broader gains, at fresh intraday highs against the USD and GBP, US Treasuries have been underpinned so far today, and the big Risk Off tone may also be providing a bid, although not the same can be said for the Swissy, with the latter pretty much unmoved, but some USDCHF offers seems to be emerging now.
  • There isn't much in terms of support in the USDJPY at current levels, most will look at 156.00 initially.