USD/JPY

USD/JPY the obvious play today

  • Senior MOF official said there was no objection from G7 over Japan’s concern with strong Yen
  • Fed’s Yellen has sympathy for BOJ whilst Fed is undertaking unconventional easing
  • EconMin says that Japan may intervene without US consent
We can expect more headlines throughout the day which should be USD/JPY supportive. 
Technical support is at 78.00 and sell orders are still reported at 78.65 and again above 78.85.

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