USD/JPY is being dragged higher by eight tiny reindeer and an uptick in US equities. Resistance lies at 90.47, the high posted Monday and the highest since USD/JPY slipped as low at 87.10/15 late last week. Expect Japanese exporters to start selling into the rally toward the 90.80/91.00 level, dealers say. USD/JPY trades now at 90.40.
