For all you USD/JPY bulls out there, Morgan Stanley has apparently raised their stop on their long USD/JPY position to 81.90 , keeping their target at 85.50.
In the short term, just being told that real money sellers have just unloaded a bunch of USD’s in the pair but the market seems to soaking them up pretty well.
Order wise, there are some sizeable bids sitting down at 82.50/60 with sell stops down through 82.40. Topside offers remain at 83.00/10
