- Sellers 102.90/103.00
- Sellers 102.75/80 – some stops above
- Sellers 102.50 – some stops above 102.60/65
- Buyers 101.50, some also at 101.80/5
- Stops below 101.45
- Buyers 101.00/10 and 101.25
EUR/JPY
- Sellers 140.80/141.00
- Buyers 139.00
- There are some interests closer to current levels, but not of significant size (sells 140.35/50, buys 139.25)
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The data we’ve seen from Japan today:
- Japan National CPI for January: 1.4% (vs. 1.3% expected)
- Japan – Household spending, unemployment rate and Job-To-Applicant Ratio data
- Japan – Industrial Production January (preliminary reading): 4.0% m/m (expected 2.8%)
has shown on expectation or a shade above for inflation, strong retail sales and household spending, and strong industrial production … which the market is taking on board as reducing the chance for further near-term BOJ easing (after the sales tax hike in April it may be a different story) and hence the yen is gaining a little ground.
