• USD/JPY as high as 158.45 overnight on broadly bid USD, on high US yields

• Pulling back some in Asia so far, 158.15 to 157.83 EBS

• Market nervous ahead of US NFP/jobs data tonight, US yields higher still?

• Expectations for 90K rise in payrolls like ADP data Wednesday, jobless 4.1%

• JGB-US Treasury rate differentials at recent highs in 2s, wider in 10s

• USD/JPY move up o/n stopped in area of 158.50 200-DMA, still heavy above?

• Still well short of recent base in area of daily Ichimoku kijun at 156.64

• Support from 157.69 200-HMA, 100-HMA 157.49 below

• Hourly Ichi cloud to ascend fast, currently 157.04-14, to 157.41-90

• In options, massive $2.9 bln in expiries today at 158.00, pivot or cap?

• But total $4.7 bln in expiries between 157.00-75 too, likely supportive

• Japanese exporter and maybe some more repatriation flows from @158.00 today

• This especially with FX intervention seen back on table by many

• Related comments , , ,

• Also , on Fed/Fed-speak ,

• US markets , , ,
USD/JPY daily:


USD/JPY hourly:


USD/JPY nearby option expiries into next week:

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