USD/JPY has seen its recent rebound stall somewhat. Having posted a session high 86.49 in Asia the pairing is presently down at 86.15.
More verbal intervention. Japanese trade minister is concerned about yen rise and says may need to take action to address situation. Personally can’t see Japanese authorities sanctioning official intervention anytime soon.
Stops seen through 85.90 and more through 85.30. Barrier option interest noted at 85.00. Buy orders 84.80/00 before stops just below there. Sell orders layered 86.60 up to 86.90, stops above 87.00.
