USD/JPY down 86 pips to 112.05
USD/JPY is consolidating near the lows of the day as the S&P 500 tests the daily low. Watch for equity-driven flows to dominate in the next two hours.
Bids:
- 111.77 - bids at the session low
- 111.67 - Feb 12 low
- 111.50 - medium bids
- 111.00/110.99 - 2016 low and bids approaching
- 110.50 - strong demand barrier
- 110.36 - technical support
- 110.00 - Rumored BOJ bids
Offers:
- 112.41 - 50% of intraday range
- 112.50 - small offers
- 113.05 - intraday high
- 113.39 - Feb 22 high
- 113.50 - Medium offers
