• USD/JPY has broken back above 155.00, yesterday 154.22 to 155.25 EBS

• Asia so far this morning 155.03-43 and looking better bid for now

• Higher US rates with Treasury 10s above 5.0%, likely Fed hike cited

• Higher crude oil prices on Middle East conflict escalation boost to USD too

• USD/JPY highest since 156.30 on September 7, some resistance ahead at 156.00

• USD/JPY now well above 154.13-33 hourly Ichimoku cloud

• Hourly Ichimoku kijun 154.82 ahead, 200-HMA 154.20 below

• Nearby option expiries today include 155.00-01 $1.6 bln, 155.50-65 $699 mln

• Also 154.90 $584 mln below, 156.00 $641 mln above

• JGB-US Treasury rate differentials wider, in 2s @282, 10s @199 bps

• Related comments , , ,

• And , also , on Fed

• US markets , , ,

• On Middle East conflict , for more click on [FXBUZ]

USD/JPY:


JGB-US Treasury 2-year interest rate differential:

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