• USD/JPY 144.66-145.15 EBS in Asia, in 144.56-145.59 daily Ichimoku cloud
• Cloud continues to provide resistance, cushion on moves to take it higher
• Dealers also note good option-related sales, on gamma and other plays
• Plenty of expiries today, tomorrow in area, 145.00 $7 bln+ Monday too
• Japanese importer, other demand on dips too leading to narrower ranges
• Tech support from gradually ascending 144.37-73 hourly Ichimoku cloud
• Interest rates not a factor now with US and most JGB yields having steadied
• JPY crosses mostly buoyant with USD less bid against most other majors
• JPY longs at saturation point? EUR and GBP longs to rise? Less CHF shorts?
• EUR/JPY 165.44-81 EBS, highest since 165.96 Nov 7, 166.65 peak then Oct 31
• EUR/JPY to so-so large E471 mln option expiries today at 165.50 strike
• GBP/JPY 195.22-91 and holding at recent highs, 196.44 high yesterday
• AUD/JPY 94.14-74 and still looking to crawl higher
• BOJ expected to hold policy next week but could slow bond-buy taper plans
• Data today showing less wholesale inflation seen giving BOJ policy reprieve
• Related comment , also , on Japan CGPI
• On BOJ , , , on JGBs
USD/JPY hourly:
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(Haruya Ida is a Reuters market analyst. The views expressed are his own)