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CROSS ASSET: Tnotes ticks higher, USDJPY is through session low

CROSS ASSET
  • Some buying going through now in Treasuries, Tnotes is at session high, but resistance will be seen a little further, up to ~108.20.
  • USDJPY is still losing ground, through new intraday low, but as mentioned earlier the move started in FX before the move in Yields just now.
  • Some JPY CME buying was noted earlier to start the move, albeit still in lower volumes, but the lack of liquidity with some US Desks out is likely helping exacerbate some of the moves.
  • Small support in USDJPY is seen at 157.38.
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  • Some buying going through now in Treasuries, Tnotes is at session high, but resistance will be seen a little further, up to ~108.20.
  • USDJPY is still losing ground, through new intraday low, but as mentioned earlier the move started in FX before the move in Yields just now.
  • Some JPY CME buying was noted earlier to start the move, albeit still in lower volumes, but the lack of liquidity with some US Desks out is likely helping exacerbate some of the moves.
  • Small support in USDJPY is seen at 157.38.