• USD/JPY remained bid in Asia, 157.80-158.03 EBS, in 156.23-158.44 Ichi cloud

• Market on tenterhooks ahead of FOMC policy announcement, hawkish hold eyed

• Moves in US yields, market reaction to FOMC to be eyed closely

• Case of buy-the-rumour, sell-the-fact? Plenty of uncertainties

• Further USD/JPY resistance at 158.54 200-DMA, 159.27 100-DMA

• Hourly Ichimoku tenkan 157.91, kijun 157.79, 200-HMA 157.70, cloud 157.04-38

• Option expiries today include 157.00/50 $1.9 bln, 157.75-85 $3.2 bln

• Also $1.5 bln at 158.00 strike and $1.4 bln between 158.25-30

• Large to massive option expiries today to help contain FX action into FOMC?

• JPY crosses mostly in stasis for now awaiting fresh flows

• EUR/JPY 175.57-84 EBS, holding above 175.19 low Friday, lowest since Oct '25

• Back below 175.80-176.06 hourly Ichimoku cloud

• CHF/JPY 190.15-65, 190.58 100-HMA cap? Below 191.58-194.53 daily Ichi cloud

• GBP/JPY 209.86-210.27, below 210.71-213.31 daily cloud, near 210.06 100-HMA

• AUD/JPY bid on hawkish RBA-speak, 110.84-111.34, below 111.71-112.09 cloud

• NZD/JPY 89.85 to 88.13 before steadying, against expectations, RBNZ holds

• RBNZ maintained its hawkish bias but did not hike as generally expected

• Related comments , , , also
USD/JPY hourly:


AUD/JPY hourly:


NZD/JPY hourly:

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