USD/JPY is holding up pretty well, presently at 92.00.
Earlier I reported talk of sell orders at 92.30 up through 92.60 and then at 92.90/00. Well now I’ve got a full set. Hearing reports of sell orders at 92.60 up through 92.90. I still can’t help myself being bullish this pair, for reasons given in my earlier commentary, but even I’ve got to admit it looks like it’s going to be heavy sledding.
Talk in market of a Nikkei report, citing CEO of Nissan as suggesting USD/JPY needs to be up at 110-120 for car production in Japan to make sense. Gotta ways to go my man!!!
