USD/JPY up on hawkish Fed cut, Tokyo wavering on BOJ
USD/JPY rallied to 154.87 overnight after the hawkish Fed rate cut
Asia so far 154.45-83, holding at overnight highs, awaiting BOJ
Majority view now for BOJ to hold nL4N3NJ0CT, nL4N3NB0GY
That said, some seen wavering, say BOJ may hike nL2N3N6031
Fundamentals, surge in US yields post-Fed cited, JGB-Tsy rate diffs wider
USD/JPY now well above ascending daily Ichi cloud between 147.99-153.10
Hourly chart support from Ichi tenkan at 154.30, kijun 154.10 below
Option expiries in area today 154.08 $450 mln, 154.37-50 total $765 mln
At 155.00-10 massive $2.0 bln, more above/below, massive tomorrow too
Related comments nL1N3NJ0NX, nL1N3NJ0BW, nL1N3NJ0AE, nL8N3NI1JK
Also nL1N3NJ0Y5, on the Fed nL1N3NI0I2, rates nL1N3NJ0RL
US markets nL1N3NJ14K, nL1N3NJ130, nL4N3NJ12C, nL1N3NJ048
On US data nL1N3NJ0IU, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4gFmD7J
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3ZKv3Uh
JGB-US Treasury 10-year interest rate differential: https://tmsnrt.rs/41D51oN
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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