The pair closed in NY Tuesday at Y99.61 after rate had eased away from intraday recovery highs of Y99.86. Rate nudged up to Y99.71 in opening Asian trade before turning lower, the move down to Y99.51 seen influenced by euro-yen sales, but Japanese importer demand interest cushioned the move and allowed for an eventual recovery through the early high and on to Y99.82 into Europe. Asian traders have reported sell interest from Y99.85 through to Y100.00 (option and high wealth individuals noted in the mix of sell interest) with stops above said to extend to Y100.20. Support remains into Y99.50. Euro-yen moves in Asia appeared to mirror those of dollar-yen, though the cross was said to have led the early dip. Rate opened Asia around Y130.18, dipped to Y129.94 before bouncing back into Europe to Y130.41.
