There’s little doubt someone has a bit of an interest to hoover up around this level given the price action since the soft US data releases
After clinging to 102.00 for a while we quickly bounced back to 102.07 after a dip just now to 101.92, just above yesterday’s low around this time of 101.85.
The bid tone of this pair is definitely giving caution to the USD bears out there.
EURUSD still at 1.2915, AUDUSD 0.9849 and GBPUSD now settling at 1.5305
I get the feeling that if USDJPY can break down then the green light is back on for greenback sales.
