Mutterings of Kampo interest in USD/JPY seem to be getting a little louder. Getting reports Kampo down on the bid in USD/JPY around 83.00. Not that we’re any higher, presently at 83.05, but that’s what I’m hearing.
I would remind readers that history tells us that Kampo buy interest doesn’t necessarily negate us going lower. Will be interesting to see whether they can hold the line. Tough job!!!
