• USD/JPY off from an early high of 159.45 to 159.11 EBS in PM Tokyo trade

• Thin markets to blame for move, maybe optimism on US-Iran talks

• Downside likely limited however with dip-buy interest still

• Japanese importers in mix though flows likely light into London fix

• Massive $4.7 bln in option expiries today on 158 likely supportive

• Spot to area of 200-HMA at 159.09, 100-HMA below at 159.00

• Ascending hourly Ichimoku cloud too between 158.56-85

• Related comment , also ,
USD/JPY hourly:

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