• USD/JPY heavy but hanging around base of 143.75-146.50 daily Ichimoku cloud

• Could not quite break cleanly below Friday, low then 143.45

• Asia so far today 143.64-144.18 EBS, high Friday 144.45

• Resistance from descending 100-HMA at 143.79, ascending 100-HMA 144.22

• Clean break below daily Ichi cloud, close below seen bearish

• Lots of news over the weekend on Trump policies, steel tariffs to 50%

• Nippon Steel-US Steel deal discounted by market but uncertainties continue

• On option expiries today, smattering between 142.00-145.00, nothing massive

• Yields not a factor at this time, US yields soft, JGBs yields steady to soft

• Related comments , , , also

• US markets , , ,

• Trump steel news , trade with Japan ,
USD/JPY:

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