Its a busy day coming up out of Japan, with economic data releases for manufacturing PMI, household spending, retail trade, unemployment, industrial production, then housing starts and construction orders later.
Its also the final day of the month, the 30th, so expect month-end flows and especially a bid tone for USD/JPY going into the fix.
- 97.30/40 is initial bidding today, and again more bids 97.15/25 – more around 97.00.
- On the topside offers 98.20/30 initially, more around 98.50 then ahead of 99.00
