• USD/JPY bid and up to 159.57 EBS yesterday, Asia so far today 159.46-58

• Intervention threat seen high and upside likely capped for now

• 160 line in sand again? USD strength on reports of fresh US-Iran incidents

• Crude oil prices off yesterday before bouncing some into Asia

• USD/JPY tracking away from daily and hourly Ichimoku clouds

• Hourly cloud 159.06-20, hourly tenkan, kijun ahead at 159.50, 159.37

• Some option expiries today topside at 160.00 but larger expiries below

• 159.50-70 total $847 mln, 159.00-45 $2.6 bln, 158.50-80 $1.7 bln

• As to JGB-US Treasury rate differentials, in 2s still wide, 10s narrower

• Related comments , , , also

• US markets , , ,

• On US-Iran , , ,

• Fed-speak , , for more click on [FXBUZ]

USD/JPY:


USD/JPY nearby option expiries into next week:

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