• USD/JPY on hold around base of 144.56-145.59 daily Ichimoku cloud

• Asia 144.50-65 EBS so far, follows range of 143.98-144.95 yesterday

• Inside day today or something very close? Resistance from ahead of 145.00

• Descending 55-DMA in cloud just above at 144.87, initial resistance?

• Current action in area of hourly Ichimoku cloud top at 144.56, base 143.81

• US Treasury yields just off recent highs, JGB yields remain on firm side

• Nearby option expiries today 143.80-144.00 $1.6 bln, 145.00-10 $835 mln

• Little in way of direction currently, market awaiting fresh US tariff news

• Related comments , , ,

• Yen bear view , also , on US inflation

• US markets , , ,

• On US-China , , US budget
USD/JPY:

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