• USD/JPY still holding relatively bid despite weak US NFP, Japan off'l speak

• USD still bid elsewhere, affecting sentiment? Middle East escalation too

• Crude oil prices off some at NY close but up again on weekend news

• USD/JPY range Friday wide 156.96-158.21, Asia so far today 157.62-99 EBS

• Market not really believing Japan official-speak endorsing BOJ recent hikes

• EconMin Kiuchi admitted end of deflation, no need for extra-loose BOJ policy

• But Friday comments taken in stride ahead of US data jobs mkt release then

• FinMin Katayama again suggested FX intervention possible Friday

• News of MOF review of 200 funds worth Y7 tln also had little lasting impact

• USD/JPY currently holding in 157.41-78 hourly Ichimoku cloud

• 100 and 200-HMAs in area at 157.57 and 157.74, respectively

• Wider core range between 156.64 daily Ichimoku kijun, 200-DMA at 158.50

• Nearby option expiries today 157.00-05 $644 mln, 157.50 $639 mln

• Also 158.00 $852 mln, 158.25-30 $776 mln and some between 158.50-70

• JGB-US rate differentials narrowing from recent highs, 2s @286, 10s 214 bps

• Related comments , , , also

• US markets , , ,

• On Middle East , , oil early Asia

• On US jobs report , Fed ,

• On Katayama-speak , for more click on [FXBUZ]

USD/JPY daily:


USD/JPY hourly:


JGB-US i10-year interest rate differential:

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