• USD/JPY better bid, 159.63-92 EBS as US proposals to Iran deadline nears

• Middle East conflict, crude oil and other energy prices remain foci

• Fears of energy supply, stagflation high, to continue to weigh on JPY?

• Good Japanese importer demand at today's Tokyo fix, other buyers noted too

• USD/JPY upside limited however on continuing threats of FX intervention

• 160.00 seen proverbial line in sand for many, 160.50? Others say maybe 162

• 161.96 high dating back to July 3, 2024, recent high March 30 160.47

• Option expiries today 159.00 $807 mln, 160.00-05 $737 mln, 160.25 $650 mln

• Also $761 mln just above at 160.50 strike

• JGB-US 2-year interest rate differential @247 bps, 10s @192 bps

• EUR/JPY 184.27-40 EBS, buoyant, holding below 184.65 high March 27

• Above its 183.49-83 daily Ichimoku cloud, ascending 100-DMA 183.15 below

• GBP/JPY 211.06-52, holding mostly above its 210.57-211.08 daily Ichi cloud

• AUD/JPY buoyant too, 110.25-58, 110.59 high yesterday, 110.92 March 26

• Also holding above its ascending daily Ichimoku cloud between 107.98-109.74

• Related comment , also , on Japan data

• On MOF/PM Takaichi-speak , ,
USD/JPY hourly:


EUR/JPY hourly:


AUD/JPY hourly:

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