These guys have been steady buyers this morning in both pairs and the USD/JPY has just broken up through the Aug intervention highs of 80.23 . IMM stops through 80.20 and a barrier at 80.25 were taken out to a high of 80.30.
There are offers running up to 80.50 which holds a barrier , with buy stops just above there ahead of another barrier at 81.00
EUR/JPY offers are sitting from 106.25 up to 106.40, with some more apparently at 106.80 ahead of the 200 day MA at 107.20
USD’s at 80.24 with the EUR at 106.08
