USD/JPY continues to see narrow range trade. Sits at 87.02 at writing, effectively where it was when I arrived. Yesterday talk of sell orders layered 87.00 up to 87.30 and they’ve been enough to cap the topside so far (recent high 87.21).
Talk of Kampo down around 86.50 has lent support. On topside, talk of buy stops gathering just above 87.50.
