• USD/JPY in stasis and likely to remain so into long Tokyo weekend

• Asia 162.33-40 EBS so far, equilibrium of sorts still on 162 handle

• USD rebounded a bit yesterday, USD/JPY affected to an extent

• US-Iran war, Japanese importer, retail, other demand on dips continuous

• Threat of FX action helping to cap upside alongside summer trading lull

• JGB-US rate differentials have narrowed too, 2s @271, 10s @184 bps

• Technically, USD/JPY holding above 161.99 daily Ichimoku tenkan

• Hourly tenkan 162.43 above, kijun 162.26 below, cloud 162.04-12

• Ascending 100-HMA 162.20 and flat 200-HMA 162.17

• Option expiries today 162.00-25 total $1.1 bln, 163.00-90 $1.1 bln

• Related comments , , also

• US markets , , ,

• Fed-speak hawkish , ,

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

USD/JPY daily:


USD/JPY hourly:


JGB-US Treasury 2-year interest rate differential:

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