USD/JPY off a leg but holds in elevated 147-150 range
USD/JPY off leg from 149.58 high yesterday, Asia 148.57-69 EBS so far
Ensconced for now in both its hourly and daily Ichimoku clouds
Hourly cloud 148.35-94, 100/55-HMAs 148.51/77, in cloud, below/above spot
Wider and still descending daily cloud 145.09-151.81
US yields down from o/n highs but still firm, Tsy 2s @3.956%, 10s @4.066%
Recently wider JGB-US Treasury yield differentials USD supportive
Option expiries too, today 148.00 $1 bln, smaller at 148.20-30, 149.00
Massive $3.2 bln in expiries Monday however, to help cap?
Japanese exporters likely still in sell-mode at Tokyo fixes however
Many importers may await lower levels but still some pre-long weekend demand
Comment from BOJ's Himino late Tokyo yesterday suggest BOJ not so dovish
US CPI +2.4% y/y, smallest gain since '21, jobless claims jump, Fed dovish?
Related comments nL1N3LL05Y, nL1N3LM0Q9, nL1N3LM0FI, nL1N3LM06W
Bull views nL1N3LM0C0, nL1N3LM0B9, also nL1N3LM0XK
US markets nL1N3LM0VF, nL1N3LM10U, nL4N3LM0YW, nL1N3LM03K
On US economy nL1N3LM0IM, on Fed nL1N3LM0NF, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3NkZtqw
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/4dGXDv0
JGB-US Treasury 10-year interest rate differential: https://tmsnrt.rs/40jhvBp
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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