After a big move overnight, and with stop-loss orders obviously too far away to be of interest, we are seeing some mild profit taking in pairs like EUR/JPY, GBP/JPY and AUD/JPY, all of which had big moves higher overnight.
Hourly support levels in the EUR/JPY are around 110.25, GBP/JPY around 130.85 and AUD/JPY around 81.00.
