Flows and Orders/JPY crosses/USD/JPY

USD/JPY: Talk of optionality at 88.50

Some unconfirmed chatter of a barrier at 88.50 but I don’t believe it’s a very big one.

Most focus this morning is on the Abe comments from the weekend Japanese press which were very aggressive in nature. Early Tokyo will undoubtedly try selling the Yen again but  if pairs like EUR/JPY fail to make new highs above 116.00 then watch out for some ‘disappointment’ selling.

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