• USD/JPY bounces after fall to 158.61 yesterday, Asia 158.74 to 159.06 EBS

• Japanese importer Tokyo fix demand, other bids help take pair back up

• Feel-good effects on Middle East talks fading a bit, caution returning

• Equities in region less bid, Nikkei up but only 0.5% on day @58,162

• That said, USD/JPY still capped ahead of 100/200-HMAs at 159.19, 159.26

• Now descending hourly Ichimoku cloud 159.38-39 above

• Massive $3 bln option expiries between 158.00-55 supportive

• Helping to cap upside $1.7 bln 159.00-50 expiries, also 158.65-85 $1.8 bln

• EUR/JPY 187.23-40 EBS after push to record high 187.52 yesterday, buoyant

• Holding on higher plane, ascending hourly Ichimoku cloud 186.13-69 below

• CHF/JPY 203.04-52 EBS after push up to 203.88 yesterday, sideways

• 204.00 resistance but break above could see tests towards 205

• GBP/JPY 215.19-73 after push to 215.78 yesterday

• Clean break above 216 could see moves towards 251.12 peak July 2007

• AUD/JPY 112.95-113.39 after push up to 113.41 yesterday

• Test of 113.98 peak March 11, break above 114.00 imminent?

• Japan data shrugged off, for February, sentiment since off on Iran war

• Related comments , ,

• Also , , on Japan data
USD/JPY hourly:


Nikkei 225 daily:

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