USD/JPY steadies after violent swings into/in NY
USD/JPY volatile action overnight into/in New York trading on mixed data
Down to 142.86 before rallying later to 144.22, off since to 143 handle
Asia so far 143.34-48 EBS, quiet, many awaiting tonight's US jobs report
Expectations for non-farm payrolls at +160k, unemployment at 4.2%
Bias still to the downside but seen dependent on jobs report
Descending 55-HMA 144.24, hourly Ichi cloud 144.33-145.35
Hourly Ichi kijun pivot today? Above currently at 143.53
Nearby option expiries today 143.00 $1.2 bln, 143.75-80 total $1.2 bln
These massive expiries could well contain action into the US data
Some pre-weekend Japanese importer demand into Tokyo fix eyed
Japanese exporter likely to help cap upside from area of topside expiries
US yields on soft side after also volatile action overnight, JGBs ylds firm?
Yield differential on JGB-US Treasury 2s around 337 bps, low o/n @332 bps
Expectations for Fed cut now centre on 25 bps
Related comments nL1N3KN0SR, nL1N3KN0AJ, nL1N3KN09Z, nL1N3KN09D
USD bull view nL1N3KN09T, nL1N3KN08W, also nL1N3KN0XW
US markets nL1N3KN0NO, nL1N3KN16X, nL4N3KN170, nL1N3KN024
Fed-speak nL1N3KN12I, on US data nL1N3KN0I2, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4cTU9of
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/3TjkKUX
JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/4g7oAdL
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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