Morning all, all the best for 2010.
A quiet start here this morning, once again USDJPY was able to move higher in NY, taking out the 93.00 level. Last week saw exporter sell orders all the way up towards 93.20 but not all orders were filled, with many pulling their sell and placing them higher orders over the festive season.
93.20 immediate resistance this morning, with good support seen on all pullback to 92.70-80. As always, USDJPY seems to be trapped ina range in Asia, Im looking towards the Tokyo fix for directional clues.
