Yen selling runs out of steam as core pairs run into offers again

Yen pairs have enjoyed another good session but now stalling 25 April

USDJPY finding sellers above 110.50, with EURUSD offers at 1.0900 and GBPUSD at 1.2830 again as per the order boards

EURJPY has also capped ahead of the 120.50 offers and now back to 120.13. GBPJPY running into 141.80 resistance and retreating to 141.45.

I expect to see dip-demand again while the trend continues but I do feel the whole risk-on move post-French election is all a bit over cooked and see little value getting long of yen crosses or core pairs up here.