The pair had ended Friday’s US session near Y99.22 and started this week with a mild dip to around Y99.15 in early trades. It spent most of the early part of the morning shuffling between Y99.20 and Y99.30 but dropped to Y99.07 around the time of the Chinese data release, due mainly to the broader dollar theme. The pair then recovered again and remained near Y99.20 toward the end of the morning, capped by rumored sell orders at Y99.50 and supported by talk of bids from Y99.00 and around Y98.00. The pair was last at Y99.26 amid talk of more selling believed to be from option
accounts, near Y100.
