• USD/JPY into a 145.55-146.40 EBS range following plunge to 145.19 overnight
• Market seen on hold ahead of the weekend and week chock-a-block with news
• Overall bias still down but profit-takes on shorts noted from lows
• Seems move overnight achieved targets for some players
• Most in Tokyo now on sidelines with eyes on moves overseas, fresh news
• Both US Treasury and JGB rates easy on risk-off mood, safe-haven plays
• Little change in Japan-US interest rate differentials, at recent narrows
• Only option expiries of note today 145.75 $300 mln, 147.00 $1.4 bln to cap?
• BOJ's Ueda warned of hit to economy from Trump tariffs but remained hawkish
• DepGov Uchida vowed to keep raising rates with inflation high
• February household spending data better than eyed but off on y/y basis
• Nikkei down large alongside other Asian bourses, -2.6% @ 33,818 at AM close
• EUR/JPY off to 160.16 fresh recent low o/n but 161.10-162.00 EBS in Asia
• Back between descending 100 and 200-DMAs at 160.78 and 162.36
• GBP/JPY off small leg to 190.63-191.75, in 190.37-192.96 daily Ichi cloud
• AUD/JPY weakest of lot, 92.62 to 91.30 and lowest since 90.11 on Aug 5 '24
• Option expiries Monday at 90.00 A$410 mln, 92.00 A$410 mln
• Related comment , also , on AUD/JPY
• BOJ-speak , , ,
• On Japan data , for more click on [FXBUZ]
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(Haruya Ida is a Reuters market analyst. The views expressed are his own)