• Following the early push up and then down, USD/JPY treading water for now

• Action now mostly around wafer thin 150.20-22 hourly Ichimoku cloud

• Range today 150.07-62 EBS, support still ahead of 150.00

• Massive $1.1 bln in option expiries at strike today, likely supportive

• Ascending 100 and 200-HMAs below at 150.02 and 149.56

• Resistance from well ahead of 151.00 (150.95 high Tuesday), 151.66 200-DMA

• Trump across-the-board auto tariff and possible Japan retaliation focus

• Downside still seen limited on pre-Japan fiscal year-end flows

• Risk definitely off on tariffs, Nikkei off almost 1% @37,668 into TSE close

• Related comment , also , ,
USD/JPY hourly:

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