USD/JPY finds support at the big figure

Yesterday USD/JPY couldn't climb above 109.00, today that level is offering support.

Bids:

  • 109.00 - bids small but building
  • 108.75 - European low
  • 108.10/00 - Bids nearby
  • 107.77 - April 18 low

Offers:

  • 109.50 - Japanese exports said to be sellers
  • 109.73 - April 15 high
  • 110.00 - medium offers
  • 110.50 - option-related offers
  • 111.00 - modest offers

Prices moves have quieted in the past few hours and risk trades have recovered from the midday wobble.