• USD/JPY off a bit in Asia after rally to 148.15 EBS yesterday

• Asia 148.12 to 147.28, market seen heavy above 148.00 for now

• Japanese exporters likely among sellers up top, budgeting 147.06/35

• Specs may also be buying JPY afresh, some adding to JPY longs up top

• Tech resistance at 148.60 200-HMA, massive option expiries too 149.00+

• Support towards 147.00, descending 100-HMA 147.17

• Also massive $1.5 bln 147.00-14 expiries today, large in area tom too

• Firmer US yields supportive, Treasury 2s @3.711%, 10s @4.146%

• JGB yields easy, well off recent highs, 2s @0.626%, 10s @1.216%

• Market awaiting news on meeting planned by Japan mission to US on trade

• Risk mood in Tokyo much better, Nikkei +6.1% @33,030 as of TSE AM close

• EUR/JPY 161.26-76 EBS, pivoting around 200-DMA at 161.24

• GBP/JPY 187.87-188.59, holding just below 190.15-192.96 daily Ichi cloud

• AUD/JPY 88.20-95, inside day after 86.04-90.41 range yesterday

• In data, Japan saw a Y4.1 tln c/a surplus in February

• Related comments , , also

• On Japan mission to US/Fed , for more click on [FXBUZ]

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