• USD/JPY holding relatively bid after push up to 157.27 EBS yesterday

• Asia 157.17-24 so far, holding below 157.36 100-DMA still

• Wariness over fresh FX intervention, last presumed May 6 from 157.93

• Japan FinMin Katayama-PM Takaichi meetings with US TsySec Bessent eyed

• Will Bessent green light more action? Will he push for BOJ hike again?

• USD/JPY for now within parameters of 156.28-158.91 daily Ichimoku cloud

• Japanese importer buys eyed into Tokyo fix, specs on hold pre-FX news

• On options front, smattering of expiries today on 158, 159

• Nothing massive till 156 handle, total $3.2 bln between 156.00-50

• JGB-US Treasury rate differentials looks to be in stasis for now

• Differential in 2s @253 bps, in 10s @187 bps

• Related comments , , ,

• And , , , also

• US markets , , ,

• On US-Iran , for more click on [FXBUZ]

USD/JPY:


Japan's unilateral intervention to strengthen the yen:

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