• USD/JPY up briefly to 160.03 EBS yesterday, Asia so far today 159.80-87

• Above descending 100-DMA at 158.97, ascending 200-DMA at 158.73

• Also above descending daily Ichimoku cloud between 156.70-158.31

• Ascending hourly Ichimoku cloud also now below between 158.80-159.51

• USD bid across the board as US yields surges, Treasury 10s NY close 5.13%

• View Fed December hike almost a certainty, maybe another in March

• US-Iran uncertainties too, associated crude oil price rises

• JGB-US Treasury rate differential in 2s jump to 292 bps, in 10s to @222 bps

• Japanese FX intervention seen back on table, towards 161.00?

• 160.39 high on September 2 before fall on G20 speak key resistance

• Large option expiries today to downside, total $2.3 bln between 159.00-65

• Related comments , , ,

• And , , also

• US markets , , ,

• Fed Daly-speak , , for more click on [FXBUZ]

USD/JPY:


USD/JPY nearby option expiries into next week:


JGB-US Treasury 2-year interest rate differential:

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