• Asia trading has seen USD/JPY, JPY crosses fall back from overnight highs

• USD/JPY 144.94 early to 144.50 EBS, follows push up to 145.27 yesterday

• Up on spike higher in US yields following stronger-than-eyed jobs report

• But JGB-US Treasury yield differentials narrowing again on firm Japan rates

• Move back into 144.75-145.55 daily Ichimoku cloud rejected again however

• Back below cloud now but still above 200-HMA at 144.42, 143.97 100-HMA

• Trading thin on US holiday, pre-weekend to hold above these supports?

• Some option expiries on 144, around 145.00 but nothing really significant

• EUR/JPY 170.10-36 EBS, relatively bid still after rally to 170.54 yesterday

• Bias likely to remain up short-term, EUR still seen alternative to JPY, USD

• Possible test of 171.00, 171.05 high dating back to July 23, 2024 now eyed

• CHF/JPY 181.86-182.43 in Asia after rally to 182.63 multi-decades high o/n

• GBP/JPY 197.93 to 197.31, high yesterday 198.08, recent peak 198.80 June 27

• AUD/JPY 94.85-95.28, high o/n 95.36, bracketed by 93.67/95.91 100/200-DMAs

• related comments , , , also

• And , on Japan spending , for more click on [FXBUZ]

USD/JPY hourly:


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