Some decent buying over the last 20 minutes leading into the Tokyo fix, has seen USDJPY off its 86.00 base and EURJPY testing the offers at 130.00. There are orders to buy USDJPY, from both retail and institution accounts, just around 86.00 on the day.
EURJPY made an attempt to take out the exporter offers at 130.00 and above, but the selling proved too strong. Some stops are reported above 130.30. Expect range 129 – 130.
