Traders report significant USD/JPY expires at 86.50,87.00 and 87.50 both today and tomorrow. Bottom line: Don’t expect the greenback to stray too far from an 86.50/87.50 range over the next 25 hours.
Toshin launches (Japanese-style mutual funds) are expected tomorrow in CAD and AUD but talk is that they are under-subscribed so demand is seen as below normal. JPY selling versus those counterparts may not be all that large.
