AUTOREFRESH 
USD/JPY: tied in between orders at 88.60/89.20
By Sean Lee || November 23, 2009 at 22:14 GMT
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As Jamie mentioned earlier, there was talk that Kampo was on the bid in USD/JPY around 88.60. They are often seen as an instrument of government intervention to slow down market moves, or in this case keep the market away from 88.00/10, below which are very heavy stops. They will usually deal in significant amounts (hundreds of millions). There are also said to be some very solid corporate offers at 89.20/30 with trader stops above this level. The market is now eyeing a break of this range to set the tone for the next medium-term move.
Good luck today.
Hi Sean
gold seems to be leaning on the AUD/JPY Short , are you still going to sty short ?Im in at 81.83
You know me Burt, stubborn to the end. I’ve got a stop above 83.35 and am feeling less confident now as the momentum has gone out of the downmove.