(Adds chart)
• USD/JPY meanders in 141.97-142.76 EBS range as U.S. shares advance
• Sentiment improves as yields ease, US admin. publicizes tariff progress
• Commerce Scty Lutnick says waiting for foreign approval on one deal
• Lutnick also outlined selected tariff relief for the auto sector
• Trsy Secty Bessent said wants long-term deals, tariff revenue for tax relief
• Pair dipped to day's low after slide in consumer conf., job openings
• Risk reversals widen in favor of USD downside after the US data
• USD/JPY seasonality turns bearish in May, lower oil underpins Asia FX
• Japan trade talks and BOJ decision upcoming
• Supp: 141.96 conversion line; 141.68 Apr 22 high; 141.54 April 23 low
• Resist: 143.99-144.00 Apr 9-10 lows; 144.55-60 Apr 4 low and Apr 11 high
• Yen crosses are broadly lower ahead of BOJ policy meeting
Yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)