USD/JPY has stalled several times in the 90.20 area this afternoon and seems, like the rest of the market, to be going no where fast. Should the dollar break higher, there are offers stacked up at the 90.40/45 level but stop-loss buy orders are just above those offers.
The year-end JPY repatriation to Japan is beginning to slow but traders expect JPY-positive flows for the Dai-Ichi Life IPO to follow-close behind the year-end repatriation.
USD/JPY trades quietly at 90.17.
