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• USD/JPY remains relatively bid on 162 on renewal of US attacks on Iran
• Range so far today 162.37-60 EBS, nervous stasis again
• Japan FX intervention still possible but threat getting old
• Hawkish Fed June minutes, higher US yields widen JGB-US Tsy rate diffs some
• Rise in Nikkei, Japanese equities could trigger renewed foreign hedge demand
• Demand too from Japanese importers, maybe retail on USD dips too
• Support especially firm @162.00, ascending hourly Ichi cloud 161.88-162.06
• Ascending 200 and 100-HMAs in area too at 162.01, 161.92, respectively
• On options front, massive $1.1 bln in expiries today at 162.00 strike
• Also $2.1 bln above at 163.00 strike, $1 bln 160.94-161.00 too
• Related comments , , , also
• US markets , , ,
• On Fed minutes , US-Iran , for more click on
[FXBUZ]
USD/JPY daily:
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)