Now that the stops below 101.50 have triggered, a quick update on the USD/JPY orderbook.

  • Bids at 101.25 and ahead of there and then layered lower through to 101.00. There are more bids below there.
  • On the topside offers 101.70/80 and through to 102.00.
  • Above 102 the offers cluster again 12.20/30 and ahead of 102.50, then 103.00