• As if the slump in Asia yesterday to 156.38 didn't occur, USD/JPY back up

• USD/JPY 157.35-76 EBS and again in holding pattern on 157 handle into US NFP

• Market nervous, not ruling out stronger US jobs report surprise

• Even higher US yields likely if data strong, despite contained US PCE o/n

• Doubt too whether dovish Fed Williams-speak Wednesday will cancel Oct hike

• USD broadly bid with crude oil prices still relatively high

• JGB-US Treasury rate differentials remain at or near recent wides too

• Tech-wise, USD/JPY ranging between 156.64 daily Ichi kijun, 158.49 200-DMA

• Hourly shows spot back above 157.57 flattening 200-HMA, pivot today?

• Descending 100-HMA below now at 157.45, hourly Ichimoku cloud 157.18-39

• In options-land, massive $6.2 bln in expiries below between 156.00-75 today

• At 157.00 $1.5 bln, $1.2 bln between 157.19-80, 157.95-158.03 $1.7 bln

• Related comments , , ,

• And , , , also

• US markets , , ,

• On BOJ , Fed-speak , ,

• And , on US PCE , for more click on [FXBUZ]

USD/JPY daily:


USD/JPY hourly:


USD/JPY nearby option expiries into next week:

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