We’ve already seen a decent-sized range in USD/JPY this morning, with it opening in New Zealand below NY closing levels, finding buyers under 98.00 and sellers (Japanese exporters copping the blame) after the bounce took it to 98.30.
- Offers 98.45/55
- Some offers also 98.25/35
- Bids start to build from 97.75 and layered down to 97.50, stop loss sellers kicking in below 97.50
- bids again 97.00/10