• USD/JPY looks to be on hold again below recent highs, Asia 159.72-84 EBS

• Holding for now in 159.65-92 hourly Ichimoku cloud, 100-HMA 159.52 below

• Cloud to begin to taper during course of global day, break below? Above?

• 100-DMA 160.01 above, daily Ichimoku cloud too between 161.29-162.61

• JGB-US Treasury 2-year rate differentials wider overnight, @258 bps

• Differential in 10s still narrow at around 177 bps

• Option expiries look to help contain USD/JPY spot, massive both sides

• Below between 159.00-75 total $2.4 bln, above between 160.00-25 $1.1 bln

• Japanese exporter sales to continue to help cap, absorb importer demand

• Month-end flows also seemed to favour JPY buy-backs, helped cap upside

• Word from US TsySec Bessent, Japan FinMin Katayama meeting eyed

• Bessent earlier said he expects Japan to take action to boost yen

• Related comments , , also

• US markets , , ,

• On Bessent-speak , for more click on [FXBUZ]

USD/JPY daily:


USD/JPY hourly:

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