• USD/JPY remains in stasis around 159.00, Asia so far today 158.78-88 EBS

• Below 159.00 but not by much, range yesterday 158.55-159.20

• Follows a more volatile Friday, range then 157.59-159.54

• No change in USD/JPY's core 158.00-160.00 range for now

• Spot now above hourly Ichimoku cloud which has fallen, 158.56-59 currently

• 100 and 200-HMAs above at 158.91 and 159.05, respectively

• Japan importer Tokyo fix demand eyed again today, exporters 159.00+

• On options front, no large expiries nearby except $745 mln between 159.55-65

• Smattering of expiries today at 157.25, around 158.60, between 159.00-35

• JGB-US Treasury rate differential tad narrower yesterday, trend resuming?

• Focus remains on news on Middle East conflict, moves in crude oil prices

• Focus also on upcoming BOJ, Fed policy announcements, no change for both?

• Related comments , , ,

• And , , , also

• US markets , , ,

• On Middle East , BOJ , Fed
USD/JPY:


What will the Federal Reserve do with interest rates?:

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