• USD/JPY fell back some on broad USD weakness last night, Asia 162.03-14 EBS

• Again a matter of stasis and equilibrium around 162.00?

• US-Iran war, Japanese importer and retail demand, carry interest supportive

• Specs also not backing away from yen shorts as desired by Japan's MOF

• Short JGB-US Treasury rate differentials narrower but wider on long-end

• Threat of Japanese FX intervention remains, to continue to limit upside

• Technically, USD/JPY around 161.99 daily Ichimoku tenkan, kijun 161.17 below

• Hourly Ichimoku cloud a line at 162.04, spot holding just above

• Ascending 200-HMA 162.12 and descending 100-HMA 162.08

• Option expiries 161.00-95 $2.8 bln, 162.00 $1.1 bln, 162.40-163.00 1.7 bln

• Prognosis for more stasis around 162.00 barring fresh news?

• Related comments , , ,

• And , also , on US-Iran ,

• US markets , , ,

• On the Fed , , US PPI
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(Haruya Ida is a Reuters market analyst. The views expressed are his own)