• USD/JPY remains capped by heavy offers and resistance 144.50-145.00

• 144.68 was Tues recovery high from 16 Sep lows since late July at 139.58

• 144.86 adds a level of tech resistance - it's 23.6% Fibo of 161.96-139.58

• Lower U.S. yields/USD weigh Weds - 142.89-144.06 daily (EBS) range so far

• Risk appetite should continue to limit losses in to Fri's Jpn LDP election

• FX options have increased election related USD/JPY volatility risk premiums

• FX option strike expiries for 10-am New York Wednesday at 143.70 and 145.00

For more click on FXBUZ