JPY opened at Y101.78 this morning, off the US low of Y101.43 while euro-yen started at Y138.45 in Asia today. Month-end dealings were muted with dollar-yen heading south almost from the get-go. It initially held above Y101.70, unfazed by a slew of Japanese data releases out this morning including CPI and unemployment numbers, while euro-yen traded off Y138.30. A positive open in Japanese stock also kept yen pairs up but dollar-yen slipped through when the Nikkei 225 dropped into negative territory. Dollar-yen’s losses intensified as it sliced through Y101.60 before it came to rest at Y101.48. The pair was last at Y101.60 with euro-yen last at Y138.21 after the cross also deflated to a Y138.09 low. Just below dollar-yen’s session low, the 200-day moving average serves as immediate support at Y101.40, with talk of decent-sized demand located around there, at Y101.50/40.
