USD/JPY opened at Y80.12 in Asian trade and has traded a narrow Y80.11 to Y80.20 range. Flows are light, with volumes hampered by a Tokyo holiday, a s Japan continues to enjoy the Golden Week vacation. Light offers were seen around Y80.25/30, but talk of exporter offers above, round Y80.50/55. Light bids and stops mixed around the figure on the downside, traders noted. EUR/USD was also rangebound ahead of the ECB policy meeting in Barcelona. The pair was unable to break out of a Y105.31 to Y105.46 range, with the pair last at Y105.39.
EasyForexNews Research Team