• Offers large at 99.00
  • Offers of good size too 98.50 and 98.60
  • Small offers 98.25/35, with some trader stop losses above 98.40
  • Bids of good size at 97.50, but also good bids 97.60 and 96.70
  • Stops below 97.60 and 97.50

There is likely to be some month end demand for USD/JPY today, though much of it was satisfied yesterday, so not expected to be a big factor today.