• Seems little in way of movement in USD/JPY during Tokyo's long weekend

• USD/JPY remains relatively weak, still in stasis on 162, 162.49-50 EBS today

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

• Wider 160.49 low July 3, 162.84 high July 1 parameters into the fall?

• Threat of Japan FX intervention still on tries higher

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

• JGB-US Treasury rate differentials narrower, in 2s @269, 10s @183 bps

• 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

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