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.