BUZZ-USD/JPY bid again after swoon to 157.35 in London
USD/JPY bid again after swoon to 157.35 EBS in London trading
Spike up to 158.42 in New York, Asia so far today 157.99-158.23
Market thin at times and choppy, affected by still strong US economic data
Talk US NFP Friday may come in strong too, +154k eyed, jobless 4.2%
Japanese importer demand, "new" NISA flows seen continuing at Tokyo fixes
Despite Japanese verbal intervention, no real action eyed till closer to 160
Specs to trade USD/JPY accordingly - buy dips, take profits on rallies
Mixed impact from moves in JGB-US Treasury interest rate differentials
Short-end diffs narrowing but long-end diffs wider, 2s @364, 10s @350 bps
Option expiries in area today at 157.25, 157.65, 158.00, 158.95
Massive $1.7 bln expiries today at 157.50 strike, to define range base?
Related comments nL1N3O30QG, nL1N3O30B1, nL1N3NP00Y, also nL1N3O30WI
US markets nL1N3O30TP, nL6N3O30NC, nL4N3O316N, nL1N3O3032
On US data nL1N3O30IN, for more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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