The yen is under pressure despite expected month-end and quarter-end inflows.
USD/JPY has made a quick move to 79.66, just shy of the US high at 79.70. There are stops above 79.80 followed by the 55-day moving average at 79.94. More stops above 80.15.
The outside reversal on Wednesday combined with the inverse head & shoulders bottom is tempting above 80.00.
