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• USD/JPY consolidating recent losses above Tuesday's 152.89 low
• Key US Aug econ data awaited including PPI tonight, YY 5.3% eyed, 4.7% prev
• US CPI due Friday, YY 3.4% eyed, unchanged from July, core 2.4%, 2.5% prev
• USD/JPY 153.32-60 EBS so far, holding below 153.78-154.59 hourly Ichi cloud
• Descending 100-HMA just above the cloud at 154.63
• Higher-than-eyed US PPI could see cloud resistance challenged
• Fed expectations figure large too with many eyeing possible hike this year
• Option expiries today 152.00/15 $511 mln, 153.00 $1.5 bln, 153.50 $535 mln
• Also up top between 154.00-05, at 154.50 total $1.3 bln
• JGB-US Treasury rate differentials on wide side, in 2s @256, 10s @191 bps
• Related comments , , ,
• And , also , on yen carries
• US markets , , ,
• Fed/BOJ polls , , poll on PM Takaichi
• On Middle East , for more click on [FXBUZ]
USD/JPY daily:
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)