BUZZ-USD/JPY on back foot on lower US yields, CB speculation

• USD/JPY off some more overnight on even lower US yields, CB speculation

• More players on BOJ rate hike bandwagon on Gov Ueda, Himino talk of debate

• View also Fed may cut rates sooner, faster if disinflation holds up

• That said, US economy still resilient - sales good and labor on solid ground

• USD/JPY 156.52 to 155.10 yesterday, Asia today 155.10-32 EBS so far

• Yield on US Treasury 2s 4.316% to 4.226% yesterday, 10s 4.694% to 4.588%

• JGB yields mixed, 2s @0.686% near recent high, 10s 1.260% Wed to @1.190%

• USD/JPY support for now from ahead of 155.00, stops likely on break though

• Ascending 55-DMA below at 154.64, daily Ichimoku kijun 155.67 above

• Hourly tenkan, kijun 155.64, 155.81, descending 55-HMA 156.52 above

• Massive $2.1 bln option expiries today at 155.00 likely supportive

• Other large nearby expiries today 155.50 $958 mln, 156.00 $799 mln

• Total $3 bln upside between 156.95-157.05 strikes too, $2.5 bln along 157.00

• Japanese importer buys eyed into today's Tokyo fix again

• Related comments nL1N3OC0QA, nL1N3OC0CZ, nL8N3MD29I, nL1N3OC07L

• Also nL1N3OC0XI, on Fed-speak nL1N3OC0OA, nFWN3OC1K5

• US markets nL1N3OC0Q9, nL1N3OC12S, nL4N3OC19S, nL1N3OC02N

• On US economy nL1N3OA12T, Bessent-speak nL1N3OC0L2, nS0N3MB00Y

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