Main buyers this morning have been Japanese related names, but there’s some fairly hefty offers to wade through above 100.00 from speculative traders and model accounts.
The brief high of 100.13 earlier needs to extend towards 101.00/10 at least, to undo the recent bearish tone.
Downside there’s little to support but some bids are sitting down at 99.35/45 ahead of barriers at 98.00, 97.75 and 97.50
UPDATE: Just being told real money are the sellers in EUR/USD over the last few minutes or so which isn’t going to help a recovery in the EUR/JPY either. The cross is now down around 99.88
