Big bid at 89.50 in USD/JPY

Traders say there is a big bid at the 89.50 level as the USD/JPY slide intensifies. Probably another barrier.

The bounce in cable may lift the pressure on GBP/JPY for the time being, prompting a USD/JPY bounce. 89.90 offers are rumored on rallies.

EUR/USD lifted to a new session high a few pips above 1.4720 but has been unable to maintain levels above 1.47 for long this morning…