USD/JPY off leg on broad JPY buy-backs, month-end flows
Broad JPY buy-backs recently on month and investment bank fiscal year-ends
USD safe-haven plays being off-ed too, signs of peace returning to Mid-East
Recently lower crude, commodity settlements also boost for importer Japan
USD/JPY from 154.48 to 152.99 yesterday, Asia so far today 152.84-22 EBS
Bias still down on softer US yields, Treasury 2s @4.253%, 10s @4.307%
Massive downside option expiries today to help support the downside
At 153.00 $3.0 bln alone, 152.00-95 another total $3.9 bln
Topside expiries large today from the 155.00 strike but out of market reach?
Month and investment bank fiscal year-end flows likely to be large today
Effectively month-end today with US out for Thanksgiving tomorrow
US Black Friday trading likely to be light as well, many eyeing long weekend
Trump stories still dominate the news, US tariffs to weigh on global trade
Related comments nL2N3MX0TP, nL2N3MX09X, nL2N3MW01T, also nL2N3MX11P
USD bull view nL2N3MX0EB, nL2N3MX09R, on Fed nTLAQMEK6H, nL2N3MX0PI
US markets nL2N3MX0ZP, nL2N3MX15D, nL3N3MX14A, nL2N3MX02D
On Trump/trade nL2N3MX1B1, nL2N3MX0LA, nL2N3MX0T1, nL2N3MX0YZ
On US data nL2N3MX0QF, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4eNaYT2
USD/JPY nearby option expiries this week: https://tmsnrt.rs/4fQeFZy
Yield on US Treasury 2s: https://tmsnrt.rs/3Za8IPW
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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