USD/JPY slips lower; buy orders, stops noted

USD/JPY down at 83.05 from around 83.30 when I arrived. The move comes against the backdrop of increased risk aversion/lower US treasury yields.

Sources report hedge fund selling of the EUR/JPY cross this morning. It’s down at 112.55 from around 113.20 when I sat down.

Back with USD/JPY, buy orders seen clustered down at 82.80/90, stops below (same as yesterday) Then more buy orders seen clustered down at 82.45/55.

Sell orders seen at 83.50/60 and lumpier around 84.00.

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