• Lack of any news suggesting Iran de-escalation to keep US bid during Easter

• Trading to be thin, volume low with Tokyo only major market open today

• USD/JPY 159.50-59 EBS so far, follows post-Trump address rally to 159.74

• Resistance at yesterday's high, 159.97 high Tuesday, 160.47 peak Monday

• FX intervention risk seen higher on any USD/JPY moves higher

• Support from 159.48 hourly Ichimoku tenkan, kijun 159.15 below

• Descending 100-HMA 159.32, ascending 200-HMA 159.27, cloud 158.65-159.12

• Japanese importer bids eyed towards 159.00, some exporters up top from highs

• Nothing in way of large option expiries nearby on Good Friday today

• JGB-US Treasury rate differentials in stasis too? Narrowing stopped for now

• Related comments , , ,

• And , , also

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• Fed-speak , ,

• On US economy , , tariffs
USD/JPY:

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