
An overnight trading range of 157.97–158.53 left USD/JPY consolidating below its 200-day moving average (dma) at 158.68, according to Societe Generale. Implied volatility remained stable, while support stood at 156.96 and resistance at 159.04.
"USD/JPY: 157.97 - 158.53 overnight range. Consolidation intact below 158.68 (200dma), implied vol steady. Support 156.96, resistance 159.04."
"Bank of Japan Governor Ueda: upside risks to inflation, haven’t heard complains on higher rates. Current account data tonight."
"The 10y UST yield successfully defended the 100dma at 4.80% and the question for any tactician is whether this week’s CPI print will endorse or cut short the return of duration buyers."

"Last month, hot CPI was roundly ignored as stocks tumbled on October 14th."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Learn more.)