USD/JPY has rebounded close to 90.00. Expect Japanese exporters who sweated the drop to close to 87.00 to let a few go into strength. Stops are perched in the 90.10/15 region if the offers are absorbed.
Threatened intervention by the MOF overnight along with a broad dollar short-covering rally has helped lift the greenback from the 87.10/15 lows of the last two sessions.
