• USD/JPY gains to 148.01 Monday reversed on easing Middle East tensions

• Down to 144.52 low yesterday, base of sorts? Asia 144.82-96 EBS so far

• Daily Ichimoku cloud 145.12-55 , still sideways, base to 144.34 July 1

• Move back into cloud possible, USD/JPY demand today on Gotobi Tokyo fix

• Daily cloud not more pivot than support-resistance?

• Japanese importers likely busier today, exporters able to sell 147+

• Aside from daily cloud, 200/100-HMAs at 145.09/145.73 to provide resistance

• Plenty of chunky option expiries in area today, may help contain spot

• 144.20 $1.1 bln, 144.50 $2.2 bln, 145.00-10 $1.6 bln, 145.40-146.05 $2.2 bln

• Also total $1.2 bln between 146.15-55 above

• Despite easing tensions, Middle East still a focus, NATO and US tariffs too

• Also Fed with FOMC looking split on rates ,

• Related comments , , ,

• And , also , on other central banks

• US markets , , ,

• On US economy , for more click on [FXBUZ]

USD/JPY:


USD/JPY nearby option expiries this week:

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