• USD/JPY 163.03-22 EBS in Asia, consolidating gains to 163.24 yesterday

• High yesterday best in 40 years, specs eyeing 164.00, 165.00 tests now?

• Japan FinMin Katayama jaw-boning, threat of intervention helped cap for now

• That said, some feel MOF reluctant to act with USD broadly bid

• Factors include Middle East war and crude price re-rise, higher US yields

• Support on dips from $2 bln option expiries today at 163.00

• Upside spot action likely contained for now by 163.07-80 $1.6 bln expiries

• Support on dips from 163.00 then hourly Ichi kijun at 162.85, 100-HMA 162.50

• Support too from foreign ccy hedging of fresh Nikkei buys, importer buys

• AUD/JPY and NZD/JPY shine some more on suspected additional carry trades

• AUD/JPY 114.05-39 and best since 114.91 June 2, 115.00 test seen possible

• Up with hourly Ichi kijun at 114.06, cloud 113.50-71 below, 100-HMA 113.67

• A$546 mln in option expiries today at 114.00 strike likely supportive

• NZD/JPY 94.94-95.22, below 95.42 yesterday, best since 95.41/42 May 29/Jun 1

• Clean break above 95.50 projects test of 96.00, 94.40 July 17, 2024 June

• EUR/JPY buoyant with JPY under the gun again, Asia 186.00-04 EBS

• Above 185.92 hourly Ichi tenkan, cloud 185.68-73 below, 100-HMA 185.66

• CHF/JPY on hold, 200.57-89, below 201.28-95 daily Ichi cloud, 201.44 100-HMA

• In 200.63-84 hourly Ichimoku cloud, 100-HMA 200.80 in cloud, 200-HMA 200.52

• GBP/JPY 218.05-39 and tad heavy, down from 219.60 high July 15

• Into thinning 218.30-38 hourly cloud, between 217.89/218.48 200/100-HMAs

• Related comment , also , on Japan trade
USD/JPY hourly:


AUD/JPY daily:


NZD/JPY daily:

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