• USD/JPY better bid with US yields but still below 152.00

• Asia 152.45-95 EBS so far, holding in area of 152.74 200-DMA

• Ascending 100-DMA 153.14, daily Ichimoku cloud 153.60-155.62 above

• Most hourly resistance levels cleared except 153.21 descending 200-HMA

• Tokyo back after holiday yesterday, Japanese importer Tokyo fix demand

• Higher US yields likely supportive, Treasury 2s @4.293%, 10s @4.540%

• Global inflation worries, Fed on hold resulting in some yen sales too

• No massive nearby option expiries today but some chunky strikes

• 151.00 $322 mln, 151.75 $596 mln, 151.95-152.00 $422 mln, 153.35 $317 mln

• Massive $1.1 bln up between 153.00-15 but likely out of market's range

• Related comments , , ,

• Also , on the Fed

• US markets , , ,
USD/JPY:


USD/JPY nearby option expiries this week:


Yield on US Treasury 10s:

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