• USD/JPY in stasis and back below 159.00, Jackson Hole, fresh news awaited

• Asia 158.68-159.00 EBS, follows 158.03-159.78 range last week

• Well below still ascending daily Ichimoku cloud between 159.64-161.64

• Between flattening 200-DMA below at 158.35, 100-DMA at 159.98 in cloud

• Also below now descending 100-HMA at 159.02, 200-HMA above at 159.15

• Tapering hourly Ichimoku cloud 158.72-88, maybe supportive?

• Few significant option expiries in area today

• Only 157.85/88 total $742 mln, $350 mln at 159.00 strike

• JGB-US Treasury rate differentials in stasis, 2s off recent lows @250 bps

• Differential in 10s up from recent lows some and @181 bps

• IMM CTA yen shorts up 10.8K contracts to 52,088, USD bought elsewhere too

• Japanese exporters likely to continue with sales, absorb any importer demand

• Jackson Hole Fed symposium later this week likely market highlight

• Central bank expectations to see shift? Middle East stand-off continues

• Of note tonight will be US TsySec Bessent's scheduled presser

• Related comments , , ,

• Also , on IMM CTAs , Middle East

• US markets , , ,
USD/JPY daily:


USD/JPY hourly:

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