USD/JPY bounce to 155.36 in NY rejected, pair off since
USD/JPY bounced to 155.36 EBS in New York before falling back
Rally premised on view BOJ dovish, cautious on hikes roundly rejected?
Tokyo interpreted BOJ Ueda-speak yesterday as more hawkish
BOJ rarely if ever outright hawkish or dovish, nuance lost on offshore ears?
Tokyo sees BOJ on track for a December rate hike, Fed Dec cut and pause?
US rates moving accordingly, off overnight, Tsy 2s @4.283%, 10s @4.412%
JGB rates also moving accordingly, on up-and-up, 2s @0.548%, 10s @1.064%
USD/JPY 154.38-63 in Asia, trading on heavy side, testing 154.40 200-HMA
Resistance from 154.75 hourly Ichi kijun, cloud 155.00-31, 55-HMA 155.15
Some option expiries today between 154.40-50 $370 mln, 155.50 $321 mln
Larger expiries tomorrow - 154.80 $793 mln, 155.00 $923 mln, 156.00 $997 mln
Topside expiries likely to help cap along with caution over FX intervention
Related comments nL1N3MP0MY, nL1N3MP0H8, nL1N3MP09E, nL1N3MP094
And nL1N3ME031, on BOJ nL1N3MP0A7, nL1N3MK07T, nL4N3MK27W
Also nL1N3MP0TS, on Fed-speak nL1N3ML16F, US data nS0N3KU04K
US markets nL1N3MP0LL, nL1N3MP0VM, nL4N3MP12T, nL1N3MP01I
On foreign holdings of US debt nL1N3MP0XN, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/490S0H5
USD/JPY nearby option expiries this week: https://tmsnrt.rs/3YSEalr
Yield on US Treasury 10s: https://tmsnrt.rs/3OflDLh
Yield on JGB 10s: https://tmsnrt.rs/3OgaUAj
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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