The trend has been solid so far this week with the USD weak across the board but less so against the commodity currencies. I expect the focus to be mainly on USD/JPY this session with verbal intervention a given and actual intervention, at least in the form of Kampo bids, fairly likely.
Initial support is around the overnight lows at 85.70 but 85.00 will be the big level to watch. Initial resistance is at the 86.10 breakdown level with yesterday’s high at 86.65 behind there.
Good luck today.
