USD/JPY has slumped to fresh lows in the post-earthquake era, down to 80.60 on EBS thus far.
I’d not be surprised if there is an 80.50 barrier in play in addition to the 80.00’s that have long been rumored.
China was a rumored buyer of USD/JPY and JPY crosses earlier in the session. It would be no surprise if they resurfaced just below present levels…
When USD/JPY bottomed at 80.25-ish back in November, China was the main buyer, protecting 80.00…
