Early demand for JPY lifted the pair up from its Y101.85 opening level to Y101.91 before a slight ease followed. Dollar-yen found fresh legs after that toward the start of the Japanese stock market session, with dealers then noting decent demand from Japanese names, believed to have been fixing related, with today being Gotobi day. The pair peaked at Y101.97 just ahead of the stock market open but ran into sellers at Y102.00 despite the positive open in the Nikkei 225. Dollar-yen quickly retreated to a Y101.81 low as yen crosses also ran into selling, sparked by a move against aussie-yen. Euro-yen fell in line, to a Y140.71 low, vs the earlier Y140.88 high and a Y140.76 open. Yen crosses remained under pressure through the morning, and euro-yen was last quoted at Y140.75. Dollar-yen briefly recovered back to Y101.96 and then deflated again to Y101.85/90 in the late morning. It was last at Y101.90. Further up, while Y102.47 caps bears will continue to look for retests of those rumored buyers at the Y101.20-40 region with key support then seen down toward Y100.80/75.
