EUR/JPY and AUD/JPY are both well off their session highs with dealers reporting some decent sized sales coming out of Tokyo.
There are bids reported at 83.50 in USD/JPY with stops tight below but also buying interest from at least two major hedge funds around 83.35. There are more stops below 83.30 from interbank dealers, who obviously expect the hedge fund bids to hold, and the BOJ is expected to intervene at 83.00. I’m sure there will be plenty of stops below 82.80.
