For the lucky ones that trade this “volatile” pair, 50 and 55 day moving averages at 80.81 and 80.88 are helping to throttle the topside along with exporter offers. Downside doesnt look too inviting either with bids set down from 80.50 to 80.00.
Perhaps a large 81.00 expiry today will magnetize later, but i wont hold my breath..
Yen’s at 80.77
