BUZZ-USD/JPY bias down on overhang of longs, risk-off

By Kitco News / February 28, 2018 / www.kitco.com / Article Link

* Combo of risk-off sentiment and JPY short overhang to weigh on USD/JPY.* Higher Fed dot plots, more than expected hikes giving market risk-off air.* From 107.68 post-Powell spike high, USD/JPY down to 106.57 yesterday.* Asia so far 106.59-71, Japan exporter/spec sell-rally strategies in again.* Option expiries mostly to upside - 107.47-50 1.16 bln, 107.60-75 705 mln.* Mega expirations next week at 107.00 strike, support 106.35-40, 106.00.* See , .<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^USD/JPY: USD/JPY: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

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