• USD/JPY holding on 158 handle in run up to US CPI data tonight

• Expectations for MM +0.6%, YY +3.6%, core MM +0.2%, YY +2.5%

• USD/JPY 158.31-36 EBS in Asia so far, holding below 158.56 200-DMA

• Near top of 156.64-158.44 daily Ichimoku cloud, tenkan 157.85 below

• Low yesterday 157.83, also a support alongside daily tenkan

• Hourly chart shows spot ensconced in 158.23-54 Ichimoku cloud

• 100-HMA in cloud at 158.26, 200-HMA below at 158.13

• Option expiries today include 157.00 $1.3 bln, 157.15-25 $536 mln

• 158.00 $318 mln, 158.50 $670 mln, 159.00 $1.1 bln, 159.50 $521 mln

• JGB-US Treasury rate differentials narrow some, in 2s @284, 10s @217 bps

• Fed policymakers look split on policy, focus on Chair Warsh later in week

• Related comments , , , also

• US markets , , ,

• On Fed-speak , , ,

• On US banks , for more click on [FXBUZ]

USD/JPY daily:


USD/JPY hourly:


JGB-US Treasury 2-year interest rate differential:

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