Tokyo returns today after a long weekend and they will get a chance to decide on whether Friday’s NFP was relevant or not. Talk yesterday was of decent-sized stops in USD/JPY below 82.60 and these may well be tested in early exchanges but with China supposedly buying dips, any falls should be temporary. EUR/JPY maintains it’s soft tone and this will increase downward pressure on USD/JPY.
Hourly resistance levels start around 82.95.
