USD/JPY is showing a little late-day life, rebounding to the 94.50 area. Since breaking down to 94.19 at the London fixing, USD/JPY rebounds had been capped at the 94.45 level until a short while ago.
Interbank traders report remarkable few opportunities to job the market profitably as algorithms keep the market bottled up in tight trading bands.
Traders report resting offers up at 94.80 from Japanese exporters should the buck stage a significant rebound.
