• EUR/JPY 184.20-82 EBS Friday, Asia indicated at 184.51 so far, inside day

• Tad broader 183.50-185.41 range since May 7, essentially sideways

• Cross looks to be re-entering daily Ichimoku cloud between 183.83-184.64

• Flattening 100-DMA 184.29, Ichi tenkan 183.72 below, kijun 184.99 above

• Near base of 184.55-74 hourly Ichimoku cloud, 100-HMA 184.78, 200-HMA 184.36

• Spot looks to be gravitating around massive E1.3 bln 184.65 option expiries

• Rare for EUR/JPY to have such massive optionality nearby recently

• Could see action today contained between 100 and 200-HMAs
EUR/JPY daily:


EUR/JPY hourly:

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