Some air being let out of the tyres on the latest rally as we drift down to 115.55.

There’s intraday support around the broken 115.50 level that held up for a good while on recent rallies. Other support points are 115.00, 114.60/65, 114.20/25 then 114

USD/JPY H4 chart 11 11 2014

USD/JPY H4 chart 11 11 2014

Just a reminder that stock markets are open in the US and it’s just bonds that are closed today.