USD/JPY has been ticking higher. After opening in NZ this morning it lost ground to just below 102.00, but the bids held in the thin liquidity conditions and it has since recovered and has traded through 102.25 in the Tokyo morning.
It looks like the 102 level isn’t gonna give it up easily, bids still prevalent 101.80/90. Offers ahead of 102.40.
I’ll have the USD/JPY orderboard up soon.
