Small early morning buyers have been seen buying USDJPY up towards 89.50, but there are sellers here at 89.50-60 which may cap it for the next hour or so. Order wise, buyers are stacked just under 89.00 and sellers between 90.00 – 90.50. With the Dow surging thru 10,000 overnight, the markets will await the Nikkei’s open for further clues.
EURJPY should remain bid but need to get thru 134.00 before the next leg up can be seen. We may see some buying on the back of bullish Asian bourses.
