USD/JPY bulls tried to keep Friday’s momentum going but a test of the 102.22 session high fell just short and the pair has edged down to 102.14.
The move coincided with renewed strength in the bond market and a paring of gains in the stock market. The US 10-year yield is down to 2.41% after touching 2.44% and the S&P 500 is back at 1937 after rising as high as 1945.
The orderboard shows some demand at 102.00 and just ahead. The 55-dma is just below at 101.95 with more bidders at 101.80.
