• USD/JPY traded through anticipated line in sand of 158 for FX intervention

• Up to 158.41 EBS, Asia so far today 158.32-44 and consolidating gains

• Tokyo still wary of FX action, especially ahead of the weekend

• Good Japanese importer demand eyed, today pre-weekend Gotobi

• Specs also seen to have joined rally, hedgers too on Japanese equity buys

• USD/JPY towards top of 156.37-158.91 daily Ichimoku cloud, 100-DMA 157.43

• Widening of JGB-US Treasury 2-year rate differentials look to have peaked

• Off from 259.7 bps Wed to 256.10 bps yesterday, in 10s narrower to 183 bps

• On options front $1.6 bln in expiries today between 158.00-20 strikes

• These expiries likely supportive for now, also USD usually bid pre-weekends

• Related comments , , ,

• And , also , on US data

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USD/JPY:

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