I suspect today’s North American session will be one of backing and filling after last nights rally in USD/JPY and JPY-crosses. We missed the fun here in the States but we have to clean up after the party. That’s a lot less fun than draining the punchbowl…
Small bids are scattered down every 10 pips from 1.3150 to 1.3120. Small stops are below 1.3120 from intraday longs. Protection of 1.3200 barriers could cap the topside near-term.
109.90/110 is support in EUR/JPY near-term; trailing stops lie below. 110.80 and 111.30 are resistance.
