Flows and Orders/USD/JPY

USD/JPY: Buying dips favoured in short-term

  • AUD/JPY; solid demand reported on dips from Japanese accounts.
  • EUR/JPY; break above 129.50 has neutralised the short-term downtrend.
  • USD/JPY; very solid demand reported earlier below 97.80.

Buying dips looks like the safer play in the short-term with an obvious target back at 100.00.

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