Other comments:
- Fears of a double-dip recession have not disappeared
- Will remain cautious over Dubai credit worries
USD/JPY sits at 86.15, pretty much where it was when I got going three and half hours ago. The headline comment isn’t really lending the pairing any discernible support. Market very much of the view “show me the money.” Verbal intervention at this juncture not worth diddly squat.
Buy orders seen down at 85.70/80, larger 85.00/20. Sell orders 87.00/20, which admittedly is someways away.
