• USD/JPY continues to hold relatively bid, Asia 163.73-95 EBS

• Holding below 163.99 high yesterday, 164.00

• 164.00 a point of contention, good offers, maybe on option barrier defence

• Stops above large however and specs eyeing more massive barriers at 165.00

• Fresh threats of FX intervention from FinMin Katayama but taken in stride

• That said, govt position on weak yen-inflation shifting?

• US Treasury also spoke out against yen volatility, for BOJ "normalisation"

• Govt coming round to need for FX action, BOJ hike?

• Tokyo still sees BOJ July hold but some say meeting "live"

• Total $2.4 bln in vanilla option expiries between 163.00-75 supportive

• $783 mln up at 164.00 strike too

• EUR/JPY to 186.65 EBS yesterday, best since 187.55 April 30, Asia 186.39-51

• Support from 186.32 hourly Ichi tenkan, kijun 186.26, cloud 185.76-89

• E652 mln in option expiries at 187.00 to help cap cross

• CHF/JPY sideways, Asia 200.33-75, CHF543 mln option expiries at 199 today

• GBP/JPY also sideways, 217.79-218.31, in recent higher range, 219.60 July 15

• AUD/JPY remained buoyant, 114.02-32, eyeing 114.91 high June 2, 115 test?

• Support seen from 114.03-16 hourly Ichimoku cloud, ascending 100-HMA 114.02

• NZD/JPY off 95.42 high Tuesday but holding own, Asia today 94.39-76

• Holding under ascending 200-HMA at 94.72, 94.90-95.06 hourly Ichimoku cloud

• Related comment , also , on MOF-speak

• On flows , Japan data , for more click on [FXBUZ]

USD/JPY hourly:


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NZD/JPY hourly:

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