USD/JPY is looking a little heavy on the hourly chart attached below as a result of the soft US March durable goods data released earlier in the session. Some weak stops may be lurking below the 99.15 level with a move below risking a retest of yesterday’s lows around the 98.45 level. The failure ahead of the 100.00 level is again of some concern and i continue to think there is significant option related selling ahead of 100.00 at present.
