Topside:
- 88.40/45 sells ahead of interest at 88.50
- 87.95/88.05 is not too far away at all. The highs in NY will attract some sellers, and 88.10/15 is also a sell zone.
Downside:
- 87.70/75 is initial buying today – interesting the headline just a few minutes ago that “the BOJ would adopt a 2% target etc. “was something we already knew and yet the USD/JPY reacted with a little pop higher. There is buying to be done by the look of it, no?
- 87.50/60 is the next area below, but bids at 87.40 also
