USD/JPY settles in middle of 144.11-145.20 range as Treasury yields firm following Fed speakers and solid US data including a drop in jobless claims

Overnight volatility remains firm at about 23% anticipating spot swings after upcoming LDP leadership elections and Friday US data

Bearish yen sentiment linked to a possible Takaichi victory fades amid speculation LDP votes may favor other candidates

A close above Aug. 21 doji at 145.25 builds the case for dollar bulls while a drop below 144.20-22 and 21-EMA at 143.80 hints at a bear pivot

SNB rate cut and China stimulus supports risk sentiment and helps send AUD/JPY and GBP/JPY to new monthly highs

Broadly softer USD and slumping oil limits yen’s drop

Upcoming data includes Tokyo CPI and weekly MOF flows

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