BUZZ-USD/JPY bid, basing US yields help, wait on for Trump
USD/JPY bid, US yields up from low Friday helps, wait on for Trump
Pre-Trump position-adjustments, USD better bid across board
Trump to be more concessionary on tariffs, talks with China's Xi
TikTok case in point, restores service, Trump to order delay in law
USD/JPY 156.31-56 EBS so far in Asia, spurts above 156.37 high Friday
To top of still descending but very wide 155.72-156.59 hourly Ichi cloud
55-HMA in cloud at 155.84, hourly kijun too just below at 155.77
US Treasury 2s @4.282%, 10s @4.622%, JGB 2s @0.684%, 10s @1.200%
JGB short yields at recent highs, suggest BOJ likely to hike this week
Longer-term rates well off highs and JGB-Treasury differentials narrower
Expectations Fed to resume rate cuts in March help narrow differentials
Some USD/JPY option expiries today at 155.00, 156.40, not massive
Massive tomorrow though between 155.95-156.05 $2.5 bln, 156.45-50 $1.2 bln
Japanese importer interest again at Tokyo fix, more bids eyed sub-156.00
Related comments nL1N3OD0RC, nL1N3OD0BJ, nL1N3OD0B3, nL1N3OD08M
And nL1N3OC0AC, also nL1N3OD0YP, on US data nL1N3OD0HS
US markets nL1N3OD0S0, nL1N3OD14H, nL4N3OD157, nL1N3OD03K
On Trump nL1N3OD0KF, nL1N3OD0YC, nL2N3OF047, nL2N3OF06Q
For more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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