<p>There are defensive sales ahead of 145.00 relating to these option barriers.</p><p>A barrier option gets knocked out (no longer exists/becomes worthless) if the level trades, hence the defensive sales ahead of 145. </p><p>US yields have dribbled down a little also.</p><p>And <a href="https://www.forexlive.com/centralbank/a-heads-up-for-federal-reserve-chair-powell-speaking-this-week-8-september-20220906/" target="_blank">Powell is speaking Thursday</a>. </p><p>If you are long USD/JPY the above are a few reasons to lighten up a little on approach to 145 if we see that in Asia today. </p>
This article was written by Eamonn Sheridan at forexlive.com.
