Currently 105.68 after finally falling through 105.80
Trade wars, a wooly White House, softer USD and year-end yen repatriation all combining still.
Plenty of option interest again today and will help cap rallies. Offers building already around 105.80-85 which becomes a little pivotal and larger into 106.00
Decent demand still into 105.50. Barrier option defence at 105.00 below that
I still prefer jobbing from the USDJPY rally-sell/yen-long side for the moment and currently short again at 106.35 with a trailing stop after yesterday's rally failure.
Offers: 105.80-85 106.00 106.20 106.30 106.50 106.80 106.95-00
Bids: 105.50 105.30 105.00 104.85 104.50 104.00