• USD/JPY steadies above 151.00 after Friday plunge, Asia 151.20-89 EBS
• Down to 150.93 Friday in NY, bounce since on short-covering, higher US
rates
• US rates see pop on what is considered a strong jobs report despite NFP
miss
• Fed sees US economy resilient, inflation sticky, likely on hold
indefinitely
• US Tsy 2s 4.212% to 4.296% Fri, 10s 4.428% to 4.515% but trend still down?
• Any option barriers at 150.00 now history with move
• USD/JPY lowest since 150.90 on Dec 10 '24, 150.85-95 double bottom now
• Break below targets 150.00, 149.70 low Dec 9, maybe 148.65 spike low Dec 3
• 151.72-152.70 descending hourly Ichimoku cloud providing resistance up top
• Also descending 55-HMA in cloud at 151.90m 100-HMA above at 152.89
• Massive option expiries today - 150.00 $1.3 bln, 151.00 $780 mln
• 151.50 $1.2 bln, 151.75 $626 mln, massive at 153.00 and 154.00 above too
• Trump-Ishiba meeting seen good for Japan, Japan may avoid tariffs
• Nippon Steel-US Steel deal could be back on too, not purchase but
investment
• Bias now for specs, others to sell on rallies? Risk now seen to downside
• Related comments , , ,
• Also , comment on BOJ
• US markets , , ,
• On US data , , Fed-speak ,
• On Trump-Ishiba meet , , ,
• And , other Trump news ,
USD/JPY:

USD/JPY nearby option expiries this week:

JGB-US Treasury 10-year interest rate differential:

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