There’s talk of some sell stops building down through 106.00, but also that the 105.95 expiries today may be of some size and offer some support ahead of the NY cut.
A break down though targets some light tech support around 105.70/75 ahead of the Nov 28 lows of 105.28, and the 38.2% retracement of the 13Nov/5Dec rally at 105.03. Resistance wise there’s offers up at 106.50/60 just ahead of the Tenkan line at 106.62
EUR/JPY’s currently sitting just off recent lows of 105.98
