USD/JPY has managed a rare short-covering rally, reaching 81.54 from US lows around 82.10 in early US trade. Not hearing any particular news in USD/JPY other than earlier talk of quasi-official buying below 81.00 earlier (BIS? Kampo?)
The rally is sputtering already, now down to 81.45. Resistance is strong around the 81.65 level. short-term punters may want to put a stop above that level…
