Real money buying has underpinned the USD/JPY gains back above 117.50 aided by the rise in US stocks. Traders have confirmed heavy buying of AUD/JPY, NZD/JPY and EUR/JPY this session that has added to the bid tone of USD/JPY.
Offers on USD/JPY remain above 117.60 up to 117.85 with stops above. More offers are eyed at 117.95/00 but with further stops above 118.20. EUR/JPY is trading at 156.30, back near session highs but still under resistance at 156.40 with 156.75 and the top of the Ichimoku cloud the next target.
No comments:
Post a Comment