Looks like the early barrage of sales from a European name earlier today amid the equity falls, ran out of steam with the reported sell stops in place through USD/JPY 79.00, EUR/JPY at 100.00 and AUD/JPY 82.00 unchallenged so far
A break back through the 200 day MA at 79.68 will trigger some buy stops through 79.70, 79.85 and larger through 80.00. The market currently appears to be drawn however towards the 79.50 option expiries today and US treasuries are holding steady.
USD/JPY’s presently around 79.54
