The optimism early in US trading quickly dissipated with stocks and USD/JPY on the back foot. The Markit PMI weighed and the turnaround on Friday left a bad taste in traders’ mouths.
USD/JPY is back to unchanged on the day at 102.24 after rising as high as 102.65.
USDJPY intraday
Bids are focused around 102.00 and they’re solid. More at 101.80 and 101.50. Offers at 102.55/60 from exporters. The 55-dma is 102.71 and capped the market today.
