• USD/JPY trading down again, off from 148.12 high to 145.97 EBS yesterday

• Asia so far 146.49 to 145.60, retracements up being sold, haven plays?

• With Japanese exporters budgeting 147+ this fiscal year, ceiling lower?

• Hourly chart shows spot now back below 146.35-147.06 hourly Ichimoku cloud

• Hourly tenkan 146.30, descending 100 and 200-HMAs 146.58, 148.18

• Tests lower still? Recent troughs at 145.08, 144.82 April 7, 144.55 Apr 4

• JGB-US Treasury rate differentials volatile on shifting CB expectations

• Some eyeing May Fed ease now, others not, BOJ still to stand-pat for now?

• US yields especially in flux with different take on tariffs than Wall St

• Large option expiries in area today at 145.00, 145.70, 146.00, 146.50

• Also massive total $1.7 bln between 146.65-85 and $716 mln at 147.00

• Related comments , , ,

• And , , also ,

• US markets , , ,

• On tariffs , , ,

• And , on the Fed , for more click on [FXBUZ]

USD/JPY:


USD/JPY nearby option expiries this week:


S&P Index:

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