• USD/JPY from around 157.00 back to @158.00 into FOMC, hawkish expectations

• Though Fed on hold tonight, most see December hike

• USD broadly bid on back of this view, also on Wall St gains, Anthropic IPO

• USD/JPY 157.84-158.03 EBS so far in Asia, in 156.23-158.44 daily Ichi cloud

• Base of cloud rising gradually, top sideways, to eventually fall off sharply

• Move above hourly Ichi tenkan at 157.93 sustainable? Exporter offers 158.00+

• Support from 157.73 hourly kijun, then 157.70 200-HMA, cloud/100-HMA below

• Massive option expiries in area today, between 158.00-50 above $3.8 bln

• Below from 157.90 down to 157.00 total $3.8 bln too

• These option expiries likely to help contain spot into FOMC announcement

• JGB-US Treasury rate differentials in stasis below recent wides

• Related comments , , , also

• US markets , , ,
USD/JPY daily:


USD/JPY hourly:


USD/JPY nearby option expiries this week:

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