USD/JPY was knocked down earlier in the session on big selling from a dastardly US investment bank. It is now being bough back up by the other big US investment bank left standing. We’ve bounced to the 94.20s from earlier lows at 93.86 ahead of the fixing. The fixing took place somewhere in the 94.05 area.
94.30 and 94.60 area resistance now on rebounds. Stops are seen above the latter level.
