USD/JPY is testing the top end of the 83.02-83.18 range where it has spent most of European trading. Comments from NY Fed President Dudley at 1235 GMT (8:35 a.m. ET) are the only meaningful event on the calendar today. On Friday, the chatter (or fear) was that he would keep a dovish inclination.
Official demand is seen at 83.00 with stops below. Some intraday stops may rest above 83.18/20 but meaningful offers aren’t seen until 83.80/85.
