USD/JPY sees some bounce, cap now down to 149? 147 floor?
USD/JPY sees some bounce yesterday, 147.35 late Asia, early London to 148.38
Asia so far 148.20-30 EBS, quiet, US yields off highs but firm, supportive
US Treasury 2s @3.960%, 10s @4.017%, JGB-Tsy differentials recently wider
Option expiries to help contain action, massive today on 147, on 149 ahead
Today 147.00 $1.9 bln, total 147.35-50 $1.7 bln, tomorrow 149.50 $1.4 bln
On Monday the 14th, a whopping $2.6 bln at 149.00, to help cap spot?
Japanese exporter sales likely to continue, especially on rallies
Japanese importer bids on dips, short-covering likely too
Despite firmer US yields, Fed-speak more dovish than not
Central bank expectations expected to remain in flux, affect yields, diffs
Related comments nL1N3LK0RC, nL1N3LK0KG, JPY bear view nL1N3LK0DC
Also nL1N3LK0ZC, Fed-speak nS0N3L509A, nS0N3LK08C, nL1N3LK0X9
US markets nL1N3LK0Y7, nL1N3LK131, nL4N3LK16S, nL1N3LK03J
For more click on FXBUZ
USD/JPY: https://tmsnrt.rs/3NkE9RS
USD/JPY nearby option expiries this week: https://tmsnrt.rs/3XZv4CV
JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/3YckSIF
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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