The pair saw a high in Asia of 87.36 before a UK clearer apparently was behind the push down to 87.09 along with EUR/JPY sales from hedge funds, but CTA names apparently shored up the USD/JPY at the lows and further macro bids are now seen just below 87.00.
On the topside offers lie ahead of 87.50 and larger up from 87.80 to 88.00 which holds a barrier.
USD’s currently sitting around 87.26
