• Good Friday and most major markets in Asia aside from Tokyo closed

• Singapore and Hong Kong, Australia and New Zealand closed

• Most of continental Europe and the UK also closed today, Monday

• Tokyo, the US only markets open today, US will be closed Easter Monday too

• Thin and maybe choppy trading eyed in Tokyo, caution to reign

• This with Japan-US trade negotiations on, IMF/World Bank meets next week

• Market could react to any major news on US tariffs, trade, et al

• USD/JPY 142.30-52 EBS so far on very little volume

• US yields still on heavy side yesterday, JGB yields holding mostly steady

• US Treasury 2s indicated @3.799%, 10s @4.332%, JGB 2s @0.632%, 10s @1.291%

• Some option expiries today - 141.50 $300 mln, 142.00 $745 mln, 142.50s too

• Related comments , , ,

• And , , also

• US markets , , ,

• On Japan/US talks , , IMF view

• Fed-speak, et al , ,
USD/JPY:

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