Recent high has been 81.57 just shy of yesterdays’ 81.59 high, but the offers from exporters are building in size ahead of the barriers reportedly at 81.75 and 82.00
There’s also talk of some buy stops on a break of 104.60( 104.59 Oct 23 high) in the EUR/JPY which posted a recent day’s high of 104.50 and apparently also holds a barrier.
The cross rally also been helped by talk of a EUR/USD semi-official bid in the 1.2800/10 area
USDJPY’s at 81/49, EUR/JPY 104.38 and EUR/USD around 1.2807
