USD/JPY is holding up well in early European trade, presently at 94.30. The JPY is being underminned by talk 0f large Toshin issuance tomorrow, mostly in high yielding currencies such as TRY, AUD, BRL and ZAR. General risk appetite remains in good shape and this is continues to weigh.
From here, sell orders seen up at 94.40/50 with stops just above 50. Then more sell orders seen up at 94.90/00, just ahead of touted barrier option interest at 95.00. More stops gathered just above 95.00, said to be lumpy.
