By: Adam Button

The technical analysis team at Citi says USD/JPY is on its way to 95.00 but warns that a failure to close above 89.67 would increase the risk of a decline to 85.00 first. However, a close above that level looks likely today with stop at 89.87. Separately, Soc Gen is that safe haven flows into the Swiss franc are threatening to reverse and push EUR/CHF to 1.30 or 1.35. They say the recent weakness has been driven by options trades and that depositors have yet to join in. DB is out with a note saying that USD bulls shouldn't worry about higher Treasury yields.