• USD/JPY from 142.15 early Asia to 141.22 EBS in holiday-thinned trading

• Australia/New Zealand, Europe closed for Easter Monday

• Confidence in USD continuing on Trump moves to replace FOMC Chair Powell

• De-dollarization proceeding apace too with investors shunning US assets

• USD/JPY lowest since 140.45 Sept 18 '24, 140.33 Sept 17, 139.58 Sept 16

• Some support eyed @141.00 but specs eyeing tests towards Sept 16 trough

• Few option expiries today, of note only 142.80-90 $330 mln

• Few tomorrow too with only $550 mln between 140.55-60 strikes in area

• Interest rate differentials not a factor now given current uncertainties

• Bias to remain down for USD/JPY with many now eyeing moves to the 130s

• Related comments , , also ,

• On Fed/Fed-speak , , ,

• Japan on FX , , for more click on [FXBUZ]

USD/JPY:

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