I’ve been highlighting the bids and tech support around 103.70-75 for a few days and the pair is clinging on right now after drifting lower in Asia
If we can hold then it’s reasonable to expect a small bounce at least but with USD looking offered generally it’s also reasonable to expect a few stops to be triggered should we break looking for a test of 103.50 support with more stops below that. Offers in place into 104.00 still
Delicately poised at 103.71 with Nikkei just off its lows at 15440 down 0.6% on the day as we head into the close
USDJPY 4 hour 28 Aug
