• USD rallied on broad front on the Trump administration's 180 degree reversal

• TsySec Bessent conciliatory towards China, Trumps says won't fire Powell

• White House says wants USD to remain world's reserve currency

• Fed's Kashkari and Kugler weighed in too with more words of reassurance

• Wall Street rallied, long US yields off some, market more risk on

• Nikkei performing better than Wall St recently, trend to continue on demand?

• USD/JPY 139.89 late Asia to NY's 141.67, up more today, 141.56 to 143.21 EBS

• Bounce good but offers back in above 143.00, view Trump see-saw to continue?

• Descending 200-HMA pivot going forward? At 142.36, spot above now but later?

• Japanese importer buys early but Japanese exporters in wait 143.00+

• Specs also looking to sell rallies which have proved to be mere retracements

• Supports at hourly Ichimoku tenkan 141.99, 100-HMA 141.64, cloud 141.04-50

• Option expiries today 141.20 $725 mln, 142.40-51 $647 mln, 144.50 $821 mln

• Related comments , , ,

• And , , also

• US markets , , ,

• Trump/Bessent-speak , , ,

• And , , on Japan-US trade

• Fed-speak , , ,
USD/JPY:


Nikkei 225:


S&P Index:

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