• USD remained on the back in Asia across the board, USD/JPY again hit hard
• From 144.23 early Asia through 144.00 to 143.85 EBS, more weakness in store?
• USD/JPY now lowest since 143.45 on May 8, heading for 142.36 trough May 6?
• USD/JPY tracking daily Ichi cloud down since break into cloud, 148.65 May 12
• Cloud between 145.68-148.57 today, spot now also below 144.26 Ichimoku kijun
• Nearby option expiries today 143.00 $489 mln, 143.25 $300 mln
• Upside 143.95-144.00 $681 mln, 144.20-30 $480, 144.50 $940 left in dust
• Spike higher in super-long JGB yields making JGBs more attractive?
• JPY crosses mostly range-bound with USD weaker against EUR, GBP, AUD
• EUR/JPY 162.86-163.06 EBS, GBP/JPY 193.00-61, AUD/JPY 92.52-90
• AUD/JPY weaker than other pairs post-RBA OCR cut yesterday, more to come
• Related comment , also , on EUR/JPY
• On Japan data/confidence , 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)