• USD/JPY on lower plane, bounce from lows overnight but still looking heavy

• Asia 143.35-46 EBS so far after trading down to 142.69 yesterday

• Recent trough 142.11 on May 27, multiple daily lows in area since

• Spot back below 144.59-145.55 daily Ichimoku cloud,144.20-35 hourly cloud

• 100/200-HMAs 144.17/95 both sides of hourly cloud

• Chunky option expiries today at 142.00, 143.00, 143.99-144.00, 144.60-75

• Nothing especially massive but maybe enough to contain spot action

• US Treasury yields look to have based for now, JGB yields mostly steady

• Market hunkering down for early release of US jobs report pre-July 4 holiday

• Reports hedging of USD-denominated assets behind recent heavy USD sales

• Related comments , , ,

• And , also , Fed Powell-speak

• US markets , , ,

• On US tariffs , Trump bill

• On US economy , , on flows
USD/JPY:


JGB-US Treasury 10-year interest rate differential:

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