The pair stepped into quiet Asia at Y102.66 while euro-yen at Y139.23, both pairs jumped to session highs of Y102.94 & Y139.51 respectively after Japan CPI & jobless data, before slipping down to session lows of Y102.37 & Y138.69. Major Japanese banks were seen buying dollar-yen before Tokyo fix pushing it up to session highs but offers above Y103.00 capped the pairs advance and both pairs retraced lower after the fix. The market turnaround in late morning Asia, pushing to trigger euro-yen stop-loss at Y138.80 in thin Asia session as most Asian countries are closed for Chinese New Year holidays. The euro-yen cross selling continues for the third day following weak German CPI and market will be watching for eurozone CPI later for further market direction.Dollar-yen bounces off from NY session low of Y102.37 to current of Y102.43, below see medium demands and option expiry at Y102.25/20 with more buying interest from importers at Y102.00. While euro-yen rebounds to Y138.80 last and buying interest at Y138.50 should provide some support with stops below as well.
