• USD/JPY not doing a whole lot, holding at recent highs, near range top

• Asia 159.42-50 EBS so far after 159.10-58 range yesterday

• Yesterday and inside day, possible today could be too

• Market hunkering down for CB announcements next week, Japan Golden Week

• Japanese importer bids on dips, exporters on rallies towards 160.00

• Threat of Japanese FX intervention remains, likely to help cap upside

• In options, slew of expiries today below between 158.25-159.05, supportive

• Hourly Ichimoku cloud between 159.09-31 also supportive

• JGB-US Treasury rate differentials also in stasis, mostly sideways

• Nikkei above 60k after TSE open, new record high, foreign buyers too

• Talk foreign players again hedging Nikkei buys with JPY sales

• Middle East news, fresh lows seen needed for current range breakout

• Related comments , , ,

• And , also , poll on Fed

• US markets , , ,
USD/JPY:


Nikkei 225:

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