• USD/JPY buoyant but holds in 148.48-90 EBS range, seen heavy 149.00+
• Recent moves above 149.00 roundly rejected and pattern of good sales above
• Pattern likely to continue barring fresh rate moves, more tariff news
• Hourly chart sees support from 148.17-31 now ascending Ichimoku cloud
• Bevy of moving averages also to ascend also supportive
• Option expiries today above and below between 148.48-50, at 149.00 today
• JPY crosses mostly bid on better risk sentiment after Friday Wall St rally
• EUR/JPY especially so after Germany debt deal, Asia 161.54-91 EBS
• GBP/JPY 191.90-192.50, AUD/JPY 93.73-94.23 and CAD/JPY 103.26-60
• EUR/JPY 161.55 E598 mln, CAD/JPY 104 C$275 mln option expiries today
• Related comment , also
• On JPY crosses , , for more click on [FXBUZ]
USD/JPY hourly:
EUR/JPY hourly:
AUD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)