USD/JPY retains bid-tone into mid morning

Author: Gerry Davies | Category: Forex Orders

USD/JPY up at 82.67 from the 82.45 which greeted me first thing.

There had been talk of month-end dollar demand in this pairing, amongst others (only one following the plan so far)

Talk of very large 82.90 one-touch option structure rolling off at todays’ New York cut (for those who believe in magnetism)

Obviously talk of 83.00 barrier option interest,  protective sell orders clustered just ahead of said interest (82.90/00).

EUR/JPY up at 107.55 from early 107.10.  Talk of more buy stops through 107.80 before 108.00 barrier interest.

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