USD/JPY slightly easier; orders, stops noted both sides of the market

USD/JPY is drifting lower, presently at 94.05. Sources report orders/stops lined up both sides of the market.

Buy orders are seen down at 93.80, with sell stops said to be gathering just below there.

Sell orders are seen up at 94.80, with buy stops said to be gathering around 94.90.

It was a relief to hear Japanese Finance Minister Yosano say Japan not planning to intervene in currency markets. Maybe that’ll put a stop to those inane rumours of BOJ checking prices. We can but live in hope!!!