A good session for both USDJPY and the Nikkei as intervention talk increases 10 May 2016
- Nikkei currently 16,555.77 just off recently posted session highs
- +2.1%
- USDJPY 108.83
Expect offers/res between 108.85-109.00 with more behind that at 109.20 which might help cap Nikkei too given the correlation.
Demand/support at 108.50 and more at 108.30.
