The pair started the session at Y101.73, just under the US high of Y101.80, and slips to a Y101.67 in the first few hours of the session. It was at Y101.66 a few minutes before the release of Japan inflation data. The string of Japanese data releases including CPI, unemployment rate and retail sales failed to inspire a significant response in dollar-yen, with the pair continuing to hover at Y101.66. Still, dollar-yen continued to hold near the low end of the initial range, and then slipped to Y101.50 as Japanese stocks traded lower. It fell further to Y101.32 in the late morning triggering stop-losses, and was lastat Y101.34. The move below the US low of Y101.48 has put the pair just off minor support around Y101.30, while stops are at Y101.20, and large bids only seen on any move toward Y101.00. A close below Y101.40 would confirm overall focus on the Y100.75-82 region. A close above Y102.00 would ease bearish pressure and a close above Y102.37 would then shift overall focus higher. Topside stops are noted above Y101.85 and Y102.00 today. Euro-yen meanwhile was last at Y138.09. The cross opened at Y138.46 and was dragged lower from the start. The slide briefly halted at Y138.21 before then dropping further to a Y138.07 low.
