Good Morning to everyone (except to those experiencing afternoon and evening, in which case Good Afternoon and Good Evening).
USD/JPY is up on late New York comments from US Treasury’s Brainard of the US supporting Japan’s efforts to reinvigorate its economy and beat deflation.
USD/JPY traded to a high of 94.39, EUR/JPY just shy of 126.60. Asian trade was then range-bound, until the past hour when some trader stops triggered below 94.00.
- There are bids trailing down from 93.85.
- More trading stops below 93.50.
- On the topside, offers ahead of barriers at 94.50, some offers around 94.75 and offers ahead of barriers at 95.00. For the USD/JPY, when is someone going to rename barrier options “speed bumps”?
