• USD/JPY in rally mode late Tokyo, 142.11 around midday, high late 142.92

• Spot surpasses where it started in Asia today

• Seems 142.00-143.00 core range eyed by Tokyo today holding for now

• Option expiries today below 142.00 and above 143.00 help contain action?

• Thoughts earlier of a possible test of 142.00, supports just below

• Eyes now on resistance from 143.00 area, hourly Ichimoku cloud 142.78-143.28

• Cloud still descending gradually, also descending 100-HMA in cloud at 143.20

• Related comment , also , ,
USD/JPY hourly:

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