• USD/JPY did little yesterday, range 159.10-67, Asia so far 159.31-47 EBS

• Tokyo fix demand eyed but moves may be limited into BOJ policy announcement

• Trading already thin into Japan's Golden Week holidays, many already off

• That said, Tokyo fix demand likely strong, spot date month-end

• After BOJ announcement, trading volumes in Tokyo likely to see large fall

• On the BOJ, most eye no change, only slim chance of surprise

• BOJ Gov Ueda's presser later today will be watched for clues at June meeting

• In an interesting aside, EconMin Kiuchi to attend today's BOJ meeting

• Levels to watch for USD/JPY include 157.59 low April 17, recent base

• On upside, 160.47 high March 30 key, top of recent range

• Tech levels to watch include daily Ichimoku kijun/tenkan at 159.03/158.71

• Hourly Ichimoku cloud 159.53-57 above, 100-HMA 159.46, 200-HMA 159.21 below

• Little in way of nearby option expiries today, only some around 159.25-30

• JGB-US rate differentials narrowed some overnight, 2s @243 bps, 10s @185 bps

• Related comments , , ,

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• Also , also on BOJ

• US markets , , ,
USD/JPY:


4 Japanese yen charts in one:

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