USDJPY has seen a decent rally but sellers are lurking 29 Sept
In the wake of the OPEC announcement we've seen yen pairs on the rise and with Japanese energy companies making decent gains we've had added substance to the rally as the Nikkei rises +1.45%
Currently 101.40 there's decent offers/res nearby at 101.50 and that's capped the rally so far and also giving cause for the Nikkei to top out at 16,727.64 and dropping back slightly.
Both are still underpinned though for the moment with USDJPY now with bids at 101.20 as the initial support with more into 101.00.
