• Yen off across the board yesterday on news of US-UK trade deal

• Market eyeing more deals down the road, US-China too? Market sentiment up

• Dollar shorts pared across the board, yen longs too, start of trend?

• USD/JPY eclipsed previous recent high of 145.91 on May 2, to 146.17 o/n

• Asia so far 145.78-146.18 EBS, buoyant, higher on pre-weekend covering?

• But Japanese exporters could be busy at today's Tokyo fix on USD rally

• Pop higher in US rates USD supportive, Treasury 2s @3.870%, 10s @4.376%

• Option expiries today to help contain spot action today?

• 144.60 $599 mln, 145.00 $2.9 bln, 145.45-55 $1.3 bln, 146.00 $1 bln

• Also between 146.90-147.00 strikes total $1.4 bln and 147.50 $306 mln

• Specs seen in conundrum on direction, weekend nigh, more position adjusts?

• Related comments , , ,

• And , also , on US trade ,

• US markets , , ,
USD/JPY:


USD/JPY nearby option expiries into next week:


Yield on US Treasury 10s:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)