USD/JPY sits at 90.60, price action having easily been contained within 90.00-91.00 parameters over past 24 hours.
Supporting the pairing is focus on next weeks March 16/17 BOJ meeting and possibility of more easing/support measures. Bloomberg quotes two anonymous BOJ officials as saying central bank may seek to expand 10 trillon yen fund that provides loans to banks.
On the flip side, acting as a counter-balance, are reports of ongoing fiscal year end repatriation flows.
Buy orders tipped at 90.00/20, small stops just below. Sell orders layered from 90.80 up to 91.20.
