• USD/JPY and all major JPY crosses bounced after falls overnight, on BOJ hold

• USD/JPY 159.40 early Asia to 160.90 EBS, in rally from 157.80 low overnight

• Presumed Japan FX intervention, US rate checks sent it down roughly 5 yen

• But help from a BOJ hike lacking, big bounce on bargain-hunting

• Japanese importer buys seen good, also on Japan stock-buy currency hedges?

• Nikkei up large early on Wall Street surge, maintaining big chunk of gains

• Threat of more FX intervention but impact likely fleeting as after April-May

• USD/JPY has broken break back above 158.47-160.67 daily Ichimoku cloud

• Could rise further if no more intervention later today

• BOJ maintained its hawkish stance and this already discounted

• JGB yields mostly sideways with BOJ on hold

• Option expiries today supportive? 160.00 $1.1 bln, 161.50 $1 bln above

• EUR/JPY 183.93-185.14 EBS, in bounce after 187.43 to 182.11 bounce yesterday

• Back above ascending 200-DMA at 183.66 after sojourn below overnight

• CHF/JPY 197.56 to 199.31 after fall to 196.00 o/n, back to 199.23 200-DMA

• GBP/JPY 214.51 to 216.31 after 212.30 low o/n, above 213.50-96 daily cloud

• AUD/JPY 111.94 to 112.98 after fall to 110.89, to 112.71-113.05 daily cloud

• NZD/JPY 93.43 to 94.41 after fall to 92.72, back above 92.78-93.21 cloud

• Related , , on BOJ ,

• On Japan economic data , for more click on [FXBUZ]

USD/JPY hourly:


Yield on JGB 10s:


Nikkei 225:

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