• Yen up against USD in Asia but remained on back-foot in the JPY crosses

• USD/JPY 147.66 to 147.01 EBS, back below 147.60-149.97 daily Ichimoku cloud

• Seems brief foray into cloud Monday-Tuesday rejected

• USD/JPY back in 146.73-147.69 hourly Ichimoku cloud, break below bearish

• Japanese exporters again good sellers with budgets assuming 147+ this FY

• Other players also noted selling, exuberance over US-China trade truce over?

• Softer US yields helping USD lower, JGB yields soft too in sympathy

• Option expiries not much of factor, nothing massive in immediate vicinity

• JPY crosses showing some weakness but generally more buoyant

• EUR/JPY 165.13 to 164.60 EBS, off but not far below 165.20 high yesterday

• GBP/JPY 196.41 to 195.60, high today best since 197.53 on January 8

• AUD/JPY 95.56 to 95.15, high yesterday 95.63 and best since 95.74 March 18

• Related comment , also , on JPY crosses

• On Japan data , BOJ comment
USD/JPY hourly:


EUR/JPY hourly:


AUD/JPY hourly:

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