• USD off on broad front as Trump tariffs confirmed, USD/JPY falls out of bed

• From highs of 151.21 Friday, 150.49 yesterday, 149.25 early Asia to 147.70

• Market heading for test of 146.55 EBS low on March 11?

• JGB-US Treasury yields, differentials not factor today on tariffs, both easy

• Stocks in Asia likely hit hard, Nikkei futures already off 2.6% pre-TSE open

• Risk-off mood, possible trade wars, impact on global trade/growth eyed

• Technically, USD/JPY testing base of 147.86-150.77 weekly Ichimoku cloud

• Ascending 100-WMA in cloud above at 149.28, weekly close below cloud bearish

• Monthly chart shows USD/JPY near 148.05 Ichi tenkan, towards 145.80 kijun?

• Massive option expiries nearby today - 147.00 $2.1 bln, 148.00 $3.3 bln

• 148.25 $1 bln, 148.35 $1 bln, 148.50 $1.4 bln - these likely to cap spot

• Tariff-related news likely to remain focus with Japanese govt reaction

• Related comments , , ,

• And , , , also

• US markets , , ,

• On Trump tariffs , , ,

• On US data , for more click on [FXBUZ]

USD/JPY:


USD/JPY nearby option expiries into next week:


Nikkei 225:

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