USD/JPY is flirting with 90.25 and EUR/JPY with 120.75.
The S&P is failing to cooperate, slipping back to flat after several probes above 1500. That may prompt some caution among short-term specs and keep the lid on USD/JPY and EUR/JPY for the balance of the afternoon.
UPDATE: Or not. Both EUR/JPY and USD/JPY (especially USD/JPY) blow their cork at 4:00 pm.
Next for USD/JPY is a big DNT at 86.75/90.75. A smaller 90.50 barrier is rumored.
