• Continued USD/JPY buying into the Asian afternoon session
• USD/JPY 149.87 to 150.62 EBS, above 149.77-150.45 hourly Ichi cloud
• Off some since but downside limited, still below 151.00, 151.70 200-DMA
• Japanese importer buys at today's Tokyo fix, possible NISA-related flows
• Hedge funds also amongst buyers, likely tied to Nikkei positioning
• Adjustments of positions, portfolios likely into Japan fiscal year-end
• Fresh news on US tariffs, moves in Japan-US yields also to affect trading
• Hourly cloud now support along with tenkan and kijun at 150.24, 150.15
• 100 and 200-HMAs below cloud at 149.62, 149.35
• Related comment , also , for more click on [FXBUZ]
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)