USD/JPY sits at 99.05. The pairing seems happy to broadly follow stocks at the present time. Stocks up, USD/JPY up as yen’s safe haven premium erodes. Stocks down,. USD/JPY down as yen’s safe haven premium comes into play. Mind boggling stuff.
Sources report sell orders lying up at 99.50 and then like yesterday more at 99.80 up through 100.00. Nothing too heavy though.
