USD/JPY is back above 101.50 after falling as low as 101.32.
The bottom (so far) came amidst a round of medium bids in the 101.35/30 zone. A much larger round of bids sits at 101.20 and protecting the 200-day moving average at 101.18.
USDJPY daily with 200dma
There some sizeable stops below. More demand at 101.00 with more stops below.
There aren’t really any offers until the 102.00/10 zone.
