USD/JPY at 98.25 is a little easier on the day, having started out in Europe up around 98.50. Sources report buy orders lined up down at 97.90/00 while sell orders are said to be lying in wait up at 98.90/00. Sentiment still seems to be mildly bullish with 100.00 still a much touted short-term target.
While we’ve heard reports of buy-stops gathering up at 99.15/20, we’ve also heard reports of sell orders lying up at 99.20. If/when we get up there it should be interesting to watch the price action.
