• Some pessimism towards US-Iran peace deal but USD/JPY heavy early Asia

• 160.15 early to 159.74, tracking away from 160.59 EBS high Thursday

• Crude oil prices off and market likely risk-on, JPY supportive?

• Technically, USD/JPY still holding around 159.98 daily Ichimoku tenkan

• Spot now below 160.01 hourly tenkan, 160.04-05 cloud, 160.06 kijun

• Next support below at 159.51 spike low Thursday

• In options, plenty of nearby expiries today to help contain action

• 159.00 $932 mln, 159.50-90 $1 bln, 160.00 $1 bln, 160.35-95 $1.8 bln

• JGB-US Treasury rate differentials tad narrower, 2s @265, 10s @182 bps

• BOJ policy announcement tomorrow, hike eyed, FOMC announcement Wednesday

• Market likely on tenterhooks ahead of these policy announcements

• Related comments , , ,

• Also , on US-Iran , ,

• US markets , , ,

• Post-deal crude , also ,
USD/JPY:


NYMEX crude oil futures:


JGB-US Treasury 2-year interest rate differential:

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