USD/JPY still wobbly….

Sitting around session lows now of 77.80 after the official bids at 78.00 were filled, and we’re now flirting with the 100 day MA at 77.82

There’s some bids below at 77.45/50. On the topside a move and close above the 200 day at 79.91 would be bullish and there’s talk of some large IMM stops up through 80.05 should another wave of intervention arrive.

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