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• Comments from Japan FinMin Katayama, US TsySec Bessent, MOF's Mimura impact
• Katayama and Bessent spoke Friday, Mimura yesterday, warned of FX action
• Mimura especially adamant in Reuters exclusive, action towards USD/JPY 160?
• USD/JPY range yesterday 156.51-157.85, Asia so far today 157.30-45 EBS
• Japanese importer demand at Tokyo fix, exporter offers eyed on rallies
• Could be stasis today awaiting fresh news, US jobs report on Friday
• Crude oil prices have steadied, yen supportive? Some yen longs pared too
• Support from 156.64 flat daily Ichimoku kijun, 200-DMA 158.47 resistance
• Spot currently pivoting around ascending 200-HMA at 157.36
• Now descending hourly Ichimoku cloud 157.60-98 above
• Some option expiries below on 156, 157.00 $485 mln, 157.50-65 $758 mln
• JGB-US Tsy rate differential off some in 2s, still at recent wides in 10s
• Related comments , , , also
• US markets , , ,
• On Mimura-speak , 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)