• USD/JPY, JPY crosses leg up in Asia on Japan importer buys, short-covering

• Move began into today's de facto Gotobi Tokyo fix (15th tomorrow, Saturday)

• Spurt above top of hourly Ichimoku cloud, cloud now 147.87-148.33, tapering

• Descending 200-HMA 148.17 nearby, ascending 55-HMA 148.13, 100-HMA 147.75

• Market still seen very long yen, likely to limit retracements down

• Resistance/offers eyed from ahead of 149.00, 149.20 high Wednesday

• Option expiries today 147.85-148.00 $830 mln, some at 148.25 and 148.50

• Also 149.00 $618 mln, may help cap upside, Monday 149.00 $929 mln

• US yields up some from lows overnight, JGB yields remain on firm side

• EUR/JPY 160.58-96 EBS, looks to have found a bottom for now

• Some EUR/JPY option expiries today on 160 handle - 160.00-25, 160.65-75

• GBP/JPY 191.28-192.10, up from lows yesterday, some option expiries at 190

• AUD/JPY 92.75-93.30, in 91.78-94.71 range since March 6

• CHF/JPY 167.61-168.00 EBS in Asia, 169.00 CHF672 mln option expiries today

• Related comment , also ,
USD/JPY hourly:


EUR/JPY hourly:


AUD/JPY hourly:

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