Six attempts to push through bids in the 86.65/75 area have thus far proven fruitless and traders, though sometimes a little dense, seem to be getting the message that the downside may not happen today. We’ve bounced to 85.90 so far on covering. Small offers lie in the 86.00/10 area while larger sellers are up at 86.30. No doubt there will be talk of Kampo at the lows. There always is…

8-3 jpy