USD/JPY has retested the top of the session’s range with the earlier reported earthquake turning out to be puny, by Japanese standards. Focus on the potential for more easing from the BOJ at tonight’s meeting plus a renewed bout of dollar strength is helping give USD/JPY a lift. Exporter offers are layered up though the 90.50 level, traders report.
90.70 is the key stumbling block for USD/JPY near-term. If that is overcome, Japanese banks see a move up toward the 92.00 level into the new year.
