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USD/JPY Consolidating Above ¥142

JPY

USD/JPY prints at ¥142.25/30, the pair is ~0.1% higher this morning.

  • Yen has been marginally pressured in early trade on Monday, slightly firmer US Tsy Yields are weighing as USD/JPY ticks higher and consolidates above the ¥142 handle.
  • A ¥142.20/45 range has been observed for the most part as the move higher has not yet followed through.
  • There has been little domestic macro newsflow of note on Monday.
  • A reminder that USD/JPY is in a technical downtrend. Support comes in at ¥140.71 76.4% of the Jul 14 - Nov 13 bull run. Resistance is at ¥142.90 High Dec 14.

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