• USD/JPY continues to consolidate on or around 160.00, Asia 160.14-22 EBS

• Follows 159.85-160.39 range yesterday, no Japan intervention but threat on

• Daily chart shows support from 159.68 Ichimoku tenkan line

• Hourly tenkan 160.15 ahead, kijun 160.12, hourly cloud 159.97-160.07

• $1.9 bln 159.00-50 option expiries today, supportive

• $1.4 bln 160.00-25 strikes to contain spot? $1.2 bln 160.50-161.00 above

• JGB-US Treasury rate differentials wider, discounting Fed rate hike?

• Market still expects BOJ to hike by only 25 bps, outlier for more however

• Middle East developments still a concern, Ukraine-Russia too

• Geopolitical factors to continue to boost USD haven demand

• Related comments , , ,

• And , also

• US markets , , ,
USD/JPY:


USD/JPY nearby option expiries this week:

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