USD/JPY higher on bump up in US rates, on more tariff talk

• USD/JPY up on a number of factors including bump up in US yields
• More Trump tariff talk too as well as demand related to Wall Street surge
• S&P 500 up to a fresh record high on Netflix earnings, AI stock demand
• Japanese new NISA-related investment flows may have played a part
• USD/JPY towards top of current core range @157 eyed by many Tokyo players
• With bounce, base of range confirmed in area of 55-DMA at 154.89, just below
• Spot off a tad from 156.71 high in New York, Asia so far 156.41-51 EBS
• Trading so far mostly in area of descending 200-HMA now at 156.48
• US ylds supportive, Tsy 2s @4.297%, 10s @4.607%, JGB 2s @0.687%, 10s @1.187%
• Option expiries today 156.00 $1 bln, 156.15 $732 mln, 156.50-60 $783 mln
• And 157.00 $712 mln, nearby expiries likely to help contain spot action
• Related comments nL2N3OI0PZ, nL2N3OI0IZ, nL2N3OH0IA, nL2N3OI020
• Also nL2N3OI0WZ, nL2N3OI0J6, on Trump policies nL2N3OI0QJ
• US markets nL2N3OI0Q3, nL2N3OI10F, nL3N3OI17U, nL2N3OI04J
• For more click on FXBUZ

USD/JPY: https://tmsnrt.rs/4gZGaQK

USD/JPY nearby option expiries till month-end: https://tmsnrt.rs/40HpFDi

JGB-US Treasury 2-year interest rate differential: https://tmsnrt.rs/3PO4M30

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