This pair has gone to sleep with the Japanese still on holiday, but hopefully some life will be injected into it this afternoon following the NFP release. Until then be prepared to be frustrated…
Bids still sit ahead of 80.00 with sell stops poised on a break ahead of tech support at 79.65 (100 day SMA) and rumoured semi-official bids at 79.50/60. Exporters offers sit up at 80.40/50 ahead of trendline resistance around 80.85/90
USD/JPY’s sitting at 80.18 after a 80.13-28 range in Asia.
