As Japanese data overnight disappointed the yen pairs are soft again and we’re on the slide.
USD/JPY is getting near good support at 101.20 ahead of the next big level at 100.75
USD/JPY daily chart 10 07 2014
GBP/JPY has dropped through support at 173.68 and the’re more at 173.30/40. The good stuff isn’t until 171.30/60 were we have a mix of trendlines and the 100 dma.
GBP/JPY daily chart 10 07 2014
EUR/JPY is coming up against the 2014 support at 138.02 and if it breaks below here and support at 137.65/75 then it might be a quick trip down to the early Feb lows at 136.20
EUR/JPY daily chart 10 07 2014
Nikkei futures are carrying on where the index finished and are now down 130 ticks to 15120. US 10’s are also off 3bps to 2.52% and a break of 2.5% could put the cat among the dollar pigeons.
US 10 year yields 10 07 2014
