JPY outlook, Wednesday August 7th
- USD/JPY sitting on technical support near 97.50 and we can expect stops below there.
- China noted seller of USD/JPY yesterday afternoon.
- AUD/JPY should be interesting with big levels at 87.20/89.00.
- Macros still have reported selling interest in GBP/JPY and CAD/JPY.
- BOJ 2-day meeting starts today.
I remain short-term bearish on USD/JPY for re-test of 92.50 this month.