USD/JPY is turning in an impressive performance amid quiet holiday markets, grinding through offers in the 90.80/91.00 area, reaching 90.92 so far. Exporter offers are rumored in the 91.00 vicinity, presumably from those who sat hrough a dip toward 87.00 and are quite relieved to get some dollars out on a rebound to the 91 handle.
91.30 is further resistance in USD/JPY, the 61.8% retracement of the 93.91/87.11 decline.
