More support for the 'next support' level in USD/JPY

Technical Analysis

Author: Eamonn Sheridan | usdjpy

Yesterday I poasted on HSBC on the next support level for USD/JPY (spoiler: 110.84) 

We didn't get near there, not under 111.00 at all. But .... here is a snippet from Tokyo/Asia this morning ....
  • Buy orders under 11.84 down through to around 110.50
  • Corporates and fund interest to buy

And, as a ps, on the topside new offers in place ahead of and circa 112.00