USDJPY has a few key hours ahead

Author: Mike Paterson | Category: Forex Orders

In addition to the ever-growing buy interest between 96.80-85 I’m now hearing that the pair has larger option expiries today than I first reported .

The contracts at 96.50 and 96.75 have both increased to USD 1bln and there is a further yard ( 1 bln ) of USD rolling off between 97.00-50.

All in all it adds up to a real test of the support at current levels and the ability to hold up in the face of some solid selling.

EURJPY has just chewed through strong buy orders at 131.50, just to add to the mix.

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