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USD/JPY Retreats After Testing ¥145

FOREX

USD/JPY briefly dealt about ¥145 before paring gains after printing its highest level since November. The pair now deals little changed from Thursday's closing levels last printing at ¥144.70/80.

  • USD/JPY printed a high at ¥145.07, if the pair can sustain a move through ¥145 ¥145.48, 2.0% 10-DMA envelope, provides the next resistance level. Tokyo CPI was softer than expected printing at 3.1% vs 3.4% exp. Japans Jobless Rate held steady at 2.6%.
  • Kiwi is ~0.3% firmer, NZD/USD firmed as USD/JPY retreating from above ¥145 spilt over into wider greenback weakness. The pair last prints at $0.6085/90. In June Consumer Confidence rose 8.0% to 85.5 as the RBNZ's decision to pause rate hikes boosts sentiment.
  • AUD/USD is up ~0.2%, the pair remains well within recent ranges and last prints at $0.6625/30.
  • Elsewhere in G-10 NOK and SEK are ~0.2% firmer, however liquidity is generally poor in Asia.
  • Cross asset wise; BBDXY is down ~0.1% and e-minis are a touch higher. US Tsy Yields are marginally firmer across the curve.
  • Coming up in Europe we have the final read of UK GDP and flash Eurozone CPI.
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