USD/JPY is challenging the highest levels of the week. The pair ran through stops above yesterday’s high of 100.18, rising to 100.33. Large offers stretch are at 100.35/40 and more at 100.50 with stops above.
The dollar took a beating in the first two days of the week but the rally in USD/JPY lent some broad strength to the buck.
Medium demand in cable at 1.53330/20 with better bids on either side of the big figure.
