USD/JPY sits at 93.25 in narrow rangebound trade.
Talk Tokyo players have been buyers of the pairing on dips, said to be related to Nomura toshin launch on 23rd April. On the other side of the coin Japanese exporters have been seen selling on approaches of 93.50. Result something of an impasse. Personally I’d rather buy the dips than sell the rallies, but then that’s just me.
Well all seems to have gone quiet. I think I’ll go have 40 winks.
