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• Thin, late Tokyo trading saw USD/JPY pop to 159.09 EBS before pulling back
• Market obviously wary of renewed Japanese FX intervention
• Two-way option gamma trades related to $5.7 bln 159.00 expiries today too
• Japan's MOF likely closely watching FX but hands tied on strong USD?
• Related comments , , also ,
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)