There isn’t anything in the way of economic data due from Japan until later today, and even this its not a huge market focus. comments on the sales tax debate should be a source of volatility, though (we’ve already had one comment cross the wires this morning, and this post yesterday has some useful background, though we’ve all been posting on the sales tax debate for some time now – check this out for more).
- Offers 99.00
- Offers 98.75 and 98.50
- Closer to market, offers 98.20 through 98.30, mixed with stops above 98.25
- Offers 98.00/10
- Intial offers 97.85/95 (not huge and could easily be absorbed on a sustained Nikkei rally IMO)
- Initial bids 97.50/55 (we are close to there now, and again not huge)
- Bids 97.20/25
- Bids 97.00 with stops building below
As has been the case recently, eyes are on the Nikkei again today. Selling there will be a negative for the USD/JPY, buying a positive. Wish I had the Nikkei orderboard ….
And a question – who is monitoring a live Nikkei chart ?… Nearly everyone with a yen interest I imagine?
