• USD/JPY heavy above 149.00, repeated moves above rejected recently

• Was case again Friday, off after 149.02, again later after 148.85 print

• Has been case since 149.20 recent top on March 12

• Higher US yields helped USD/JPY up Friday, off some today, JGB rates steady

• US Treasury 2s @4.005%, 10s @4.394%, JGB 2s @0.826%, 10s @1.515%

• USD/JPY 148.51-85 EBS in Asia, above 147.96-148.60 hourly Ichimoku cloud

• Hourly Ichimoku tenkan, kijun in area at 148.68, 148.59, daily tenkan 148.36

• Option expiries incl 147.48-50 $928 mln, 148.43-50 $573 mln, 149.00 $1.1 bln

• Massive $1.5 bln in expiries tomorrow between 148.50-55, $1.6 bln at 150.00

• Market still very long yen according to IMM CTA data Friday

• Moves in US-JGB rates, fresh news on US tariffs to remain market movers

• Related comments , , ,

• And , also , on US econ ,

• US markets , , ,
USD/JPY:


USD/JPY nearby option expiries this week:


JGB-US Treasury 10-year interest rate differential:

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