USD/JPY up 137 pips to 108.49
USD/JPY has risen in 5 of the past 6 trading days following the sharp two-day fall after the Bank of Japan (non)decision.
The pair has been consolidating for the past few hours but is showing renewed signs of life in the past 20 minutes.
Offers:
- 108.73 - good size
- 109.00 - strong offers
- 109.49 - technical resistance
Bids:
- 108.00 - building
- 107.81 - minor
- 107.63 - minor
- 107.25 (Friday's high)
- 107.03 (Asian low)
- 106.05/00 - medium demand
