• USD/JPY essentially sideways on 162, Asia so far today 162.34-43 EBS

• Nervousness over Japan FX intervention still limiting moves to upside

• Demand strong from Japanese importers, retail and on maybe more NISA flows

• Foreign buyers of Japanese stocks to continue to hedge currency risk

• USD/JPY back into its hourly Ichimoku cloud between 162.18-48 currently

• Cloud moving sideways, ascending 100-HMA 162.20 and 200-HMA 162.08 below

• Option expiries today skimpy, some large 161.12-20, 162.50-90

• Little change in JGB-US Treasury rate differentials, 2s @274, 10s 169 bps

• Could be quiet into the weekend with little in way of fresh news

• US-Iran hostilities to remain focus but crude oil prices off after rallies

• Related comments , , , also

• US markets , , ,

• On the Fed , , ,

• On US yields , economy ,

• On US-Iran , for more click on [FXBUZ]

USD/JPY daily:


USD/JPY hourly:


Nikkei 225 daily:

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