USD/JPY is under some selling pressure this morning, having come off 25 points from its earlier highs. It as approaching a support level and, as is so often the case of late, eyes will be on the Nikkei (and Nikkei futures before the TSE opens).
- Offers 99.50
- Offers 98.70/80/90 (stop loss buying above last night’s highs will run into offers ahead of 98.90)
- Bids just a little lower from current market level, coming in at 98.10 and 98.20, but stops mingled in below last night’s lows.
- More bids 98.00 and 97.50
