Earlier post on USD/JPY buying expected once Tokyo walked in.
OK, so what now?
97.25 is the next barrier option interest – and there are sell orders ahead of there, just like there were ahead of the 97.00 level. Ahead of there are exporter offers above 97.05.
Bids have been dragged higher on the books – 96.30/40 now, more 95.95/96.05. initial bids 96.70/80 now.
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