…And the Nikkei 225, as the pair earlier bounced on the Deputy economy ministers comments that 100.00 wouldn’t be a problem for the Japanese authorities.
Buy stops were triggered on the way through 89.30 and the move in Asia has taken the USD back above the daily tenkan line (89.02) to recent highs of 89.46, with the cross (EUR/JPY) also bouncing back through its tenkan line at 118.60 through buy stops above 119.00 to 119.25. Offers are now seen up at 89.80/00 and 119.30/40
AUD/JPY ‘s also up on the comments despite market pricing in a 40% chance of a possible RBA cut next month, and again up through the tenkan line at 93.72. The pair is currently stalling into offers just above 94.00 (high 94.09) ahead of hourly tech resistance towards 94.30.
