Talk of macro names buying the USD/JPY and taking out the earlier sovereign offers ahead of 80.00 tweaking buy stops to a high of 80.11 . There’s more offers from exporters and tech resistance sitting up at 80.35/50 (80.45 Nov 6 high) with some stronger offers just ahead of 80.70 with buy stops just above.
The 80.00 option expiries today may also carry some weight so a pause around the level could be on the cards ahead of a move higher later, especially if EUR/JPY can take out the buy stops through 102.15
USD’s around 80.09 and the cross at 102.02
