USDJPY has taken a back seat today, with no flows or direction to write home about. Traders say there is more of the same to come, with buyers 88.70 and sellers lined up above 89.50, trapping it in a range for now.
EURJPY unfortunately is in the same holding pattern, especially with no direction via the Nikkei. Cant see it breaking out of a 132.50 – 133.00 range till well into Europe. I would think a break of 132.40 will see 131.75.
