• USD/JPY well bid into Europe, London, Asia range 157.95-158.18 EBS
• 158.55 looks to be level to break up top, high Wed, highest since July
• Initial resistance above 158.63 high July 17, stops eyed 158.70+, 159.00+
• Talk of 160.00-strike options in demand
• Expiries today between 157.00-10, at 157.75, 157.90-158.00 - all below
• Firm US long-end yields supportive, Tsy 10s @4.693%, 2s on hold @4.270%
• Central bank expectations argue to continuing USD/JPY strength?
• Fed hawkish tilt recently, BOJ unlikely to hike this month either?
• USD/JPY dip-buy interest still from Japanese importers, investors, et al
• Related comment , also ,
• Comments on BOJ , , for more click on [FXBUZ]
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(Haruya Ida is a Reuters market analyst. The views expressed are his own)