USD/JPY is on the defensive after running into exporter sales above 91.60 at mid-morning in New York. Dips should find support in the 91.20/25 near-term, the short-term charts show. USD/JPY has pulled back to 91.35 so far after stalling at 91.70 earlier.
EUR/JPY and GBP/JPY remain underpinned so USD/JPY downside looks limited near-term.
GBP/USD has perked up and is now back above the 1.66 level, trading at 1.6615. 1.6636 is important resistance near-term (three failures while offers are said to extend up to 1.6660. Above 1.6660, another round of stop-loss buying is seen.
