Here is how the orders for the USD/JPY look for August 9, 2013:
- Offers 98.00
- Offers 97.50 (but with stop loss buyers above there)
- Offers 97.25/30
- Initial offers are very close to market here now, from 96.80 through to 97.00
- Initial bids 96.45/50, with trader stop losses below (not huge)
- Bids 96.25/30 but larger at 96.00
I posted earlier on all the economic data due out of Japan today and the Bank of Japan’s monthly Economic Report for August.
