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• Little change in USD/JPY with pair holding on 159, USD still broadly bid
• That said, little to move markets now, market summer holiday-thinned
• Last day of Japan O-Bon holidays for most but slow start eyed Monday
• Continuing Japanese importer demand at each Tokyo fix, Gotobi Saturday
• Demand from foreign investors hedging Japanese stock buys too?
• USD/JPY 159.40-53 EBS, ensconced in 158.92-161.41 daily Ichimoku cloud
• Heavy from area of flat, 159.59 daily kijun, 100-DMA 160.00 above
• Holding above 159.36 hourly tenkan, 159.30 kijun, 159.07-17 cloud
• Option expiries in area today 159.00-45 $880 mln, 159.50-75 $1.4 bln
• JGB-US Treasury rate differentials narrower still, 2s to 253, 10s 180 bps
• Seemingly no end to Middle East impasse, to remain USD supportive
• That said, further USD gains could be met by fresh FX intervention
• Related comments , , also
• US markets , , ,
• On BOJ , Fed-speak , US data
• On Middle East , , for more click on [FXBUZ]
USD/JPY:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)