Up to 89.72 in recent trading as Nishimura’s earlier comments keep the pair buoyed, but now facing a barrage of offers from various names including some sovereigns ,to chew through ahead of 90.00. Above there are barriers starting from 90.50 up to 92.00.
EUR/JPY enjoying the ride as well with a high of 119.59 with Asian sovereign demand reportedly helping the move, but now stalling into offers ahead of 119.70, . There is talk of buy stops through 119.70 before more offers ahead of 120.00.
