USD/JPY up 42 pips to 109.04
Better risk appetite has underpinned a grind higher USD/JPY today in what's largely an unwind of the risk aversion late on Friday.
Bids:
- 108.47 - intraday low
- 108.30/20 - minor bids
- 108.00 - better demand
- 107.56 - technical support
- 107.40 - May 9 low
Offers:
- 109.10/15 - option-related
- 109.50 - medium offers
- 109.56 - May 13 high
- 110.00 - strong offers, Japanese exporters on the offer
