Keep an eye on US Treasury yields, as the two-year US bond yield rose to 5.085%, the highest in Asia, and currently stands at 5.062%; the Nikkei index closed up 0.5% at 28444.19 points.
The USD/JPY rose to 137.90 and then retreated, but still remains bullish;
The USD/JPY rose from the morning low of 137.10 in Asia to the highest of 137.90, and then softened slightly, but still leans towards an upward trend;
Stop loss is set above the strike price of 138.00 for large options, some of which will expire tomorrow. The USD/JPY is expected to test 138.00 and the high point of December 15th;
Given yesterday's big rise, some pullback is not surprising. However, Japanese importers and other participants are waiting for the pullback to buy back in. It is also recommended to wait for a correction after the pullback to continue buying, with a buying point of 136.40.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.