Flows and Orders/FXWW News/Technical Analysis/USD/JPY

USD/JPY: Ready to test important support levels

  • As I mentioned yesterday, the bids between 96.70/90 were very large;
  • Semi-official names and Japanese corporates were main buyers;
  • Technical support between 96.60/70 is strong (see chart);
  • Large stop-loss sell orders from macro players expected below 96.50.

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