This article is gaining traction – USD/JPY setting up a base on the day?

I linked earlier to to a WSJ article: Japan Executives Urge Caution on Yen

The article is gaining traction now, quite a bit of chatter around about it. The fact that the article is attracting attention may be signalling a sentiment shift to Yen bullish.

The USD/JPY has recovered in a sharp fashion from the 87.23 low – this area is now going to start attracting buy orders (we’ll keep an eye out for them) and could well set up a short-term base. I’ll update levels as necessary.