• USD/JPY doing little in tight 162.44-53 EBS range in Asia

• Essentially sideways since July 6, between 161.28 July 10, 162.71 July 8

• Threat of Japan FX intervention still on tries higher

• Hawkish Fed expectations, Middle East war, good Tokyo FX demand supportive

• Technically, USD/JPY holding above its 162.26-37 ascending hourly Ichi cloud

• Flat hourly kijun ahead of cloud at 162.41, 100/200-HMAs 162.31/23 in/below

• Nearby option expiries today 162.00-30 $1.4 bln, 162.50-75 $504 mln

• Massive $5.9 bln above between 163.00-50, below $1.4 bln between 161.25-75

• EUR/JPY 185.44-51 EBS, heavy but above 184.99-185.15 daily Ichi cloud

• Option expiries today include total E690 mln above between 186.15-50

• GBP/JPY 218.02-38, well off 219.58-60 double top July 16/15

• Holding above 217.91 daily Ichimoku tenkan but below 218.34-72 hourly cloud

• CHF/JPY on heavy side too, 200-27-64, tracking away from 200.59 200-HMA

• NZD/JPY, AUD/JPY better bid, hawkish CB expectations cited, NZD especially

• NZ inflation data high, suggests more RBNZ rate hikes in the offing

• NZD/JPY 94.70 to 95.42, best since 95.41/42 double top May 29/June 1

• AUD/JPY bid in sympathy, 113.58-90, towards 114.91 peak June 2?

• Tomorrow sees A$496 mln in option expiries just above at 114.00 strike

• Related , on NZD/JPY, GBP/JPY ,
USD/JPY hourly:


NZD/JPY hourly:


AUD/JPY hourly:

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