Yen has been on the move this morning in Tokyo ... in response to the IP data; here and here (the yen strengthening in response to Japanese data??? Getouddahere). Reducing the perception that the BOJ is likely to ease tomorrow.
USD/JPY
- Sellers 121.30/40 and some 120.90
- Buyers 120.50/60 (close to mkt) then 120.10/15
currently 120.66
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EUR/JPY
- Sellers 132.30 and 132.50
- Buyers 131.50/60 (getting close to mkt) then 131.00, stops below 130.90 (bottom pickers)
currently 131.73
