Its not all about stops in USD/JPY, with 101.90 through 102.10 holding the initial bids for today. Below there stops start to kick in, mixed with more bids, and stops again below 101.70. Bids solidify again around 101.50
On the topside, offers 102.35/40, then 102.65/75.
The BOJ meets today and tomorrow, with the announcement (I’m not expecting any policy change of significance to be announced) due tomorrow (Wednesday).
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