USD/JPY rebounds with JPY on back-foot again overnight
USD/JPY, most JPY crosses rebound overnight, JPY weak across the board
From 153.96 in Asia and plunge to 153.28 in London, up to 154.80 in NY
Still relatively bid in Asia today between 154.55-74 EBS
Thin conditions, heightened geopolitical situation, spec buys behind rally
Many offshore funds also nearing end of fiscal year, related flows?
Russia figuring large too? New nuclear doctrine? Japan-Russia tensions?
Some cite EUR/JPY buys behind push up, maybe on Poland samurai issuance
Whatever the case, USD/JPY on higher perch again despite softer US rates
US yields on the whole lower, Treasury 2s @4.281%, 10s @4.399%
Large nearby option expiries today include 153.00-05 $1.1 bln
Also above 154.75-80 $993 mln, 155.00 $993 mln and 156.00 $997 mln
Japanese exporter offers eyed towards 155.00, above, importers on dips
Related comments nL1N3MQ0RG, nL1N3MQ0F9, nL1N3MQ0AH, nL1N3MQ09U
Also nL1N3MQ107, on Russia/Ukraine nL1N3MQ081, nL8N3MQ0FT
US markets nL1N3MQ10X, nL1N3MQ12W, nL4N3MQ1BV, nL1N3MQ046
On US poll nL6N3MQ0N9, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3OkkNgp
USD/JPY nearby option expiries this week: https://tmsnrt.rs/3ZfGLrh
EUR/JPY: https://tmsnrt.rs/4i7UEz8
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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