We.re sitting around 77.60 and downward pressure seems to be ongoing despite reports out of Asia of sizeable bids running down to the 77.50 level which holds a barrier.
Also talk of semi-official (kampo) bids towards 77.50 and some large sell stops primed for a break of the level. Under there are more bids from Japanese insurers at 77.20/30.
Exporters have since moved there offers down to 77.90/00
