• USD/JPY from 151.20 early Asia and 150.93 in NY Friday to 152.13 EBS

• Short-covering and Japanese importer Tokyo fix demand seen behind move up

• Small stops from weak shorts also seen hit on break above 152.00

• Despite USD/JPY bounce, risk and bias for pair to remain down

• Another speed bump seen on way with announcement of Trump tariffs tonight

• Trump to announce reciprocal tariffs tonight, Japan to be included?

• US yields firm too after pops up Friday, Treasury 2s @4.285%, 10s @4.484%

• Option expiries to help contain spot going forward? Large above-below now

• Resistance too towards top of descending 151.64-152.65 hourly Ichi cloud

• 151.50 $1.2 bln, 151.75 $626 mln, 152.75 $335 mln, 153.00 $1.3 bln

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

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