BUZZ-USD/JPY continuing lower into Asia, eyes on 148.65
USD/JPY off more overnight, to 149.40 in NY after 150.00 break, stops
Asia so far 149.65 to 149.29 EBS, continuing lower, few bids
That said, players cautious over a possible rebound, any short-covering
Not clear however how much market now long yen, may not be that much?
Some support eyed @149.00 but nothing tech-wise till 148.65 low Dec 3 '24
Soggy US yields, firm JGB yields to remain JPY supportive
Seems expectations for more BOJ hikes rising by the day nL2N3OO013
Tokyo still sees chance of March hike slim but larger in May, June, July
Some option expiries nearby today - 149.00 $350 mln, 150.50 $350 mln
More massive expiries at 150.00 next week, to help cap spot next week?
Related comments nL2N3PB0UB, nL2N3PA045, nL1N3P5037, nL1N3P401R
Contrasting view nL6N3PB0C3, also nL2N3PB13E
US markets nL2N3PB0QG, nL2N3PB16C, nL3N3PB14V, nL2N3PB04L
Fed-speak nL6N3PB0OT, on the US economy nL2N3PB0LZ
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