• USD/JPY ensconced in 144.56-145.59 daily Ichimoku cloud, sideways

• Asia 144.79-145.15 EBS after 144.40-145.29 range yesterday, inside day?

• Cloud moving sideways, to taper a bit, to continue to work as resistance?

• Support from hourly cloud between gradually ascending 144.27-48 below

• USD tad better bid today on optimism over US-China trade deal

• Some fears in Tokyo China may get better deal than Japan

• Sentiment towards JPY still on sombre side, tad USD/JPY supportive too

• Interest rate differentials not a factor, US Treasury/JGB yields steady

• Plenty of USD/JPY nearby option expiries today, tomorrow, to contain action?

• Today 144.30-75 total $1.8 bln, 144.90-14500 $1.6 bln - gravitational pull?

• Massive nearby tomorrow too, stretch from 143.00 up to 147 handle

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USD/JPY:


USD/JPY nearby option expiries this week:

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