The pair opened at Y102.19 in the Asia-Pacific this morning following last night’s gains to Y102.27 during the US hours following the release of better-than-expected US non-farm payrolls data. The pair however saw no fresh attempt to trade higher soon after the Asian market got underway, while rumored offers from Y102.25 kept a lid on dollar-yen. The pair slipped below Y102.20 despite a positive start in Japanese stocks, and went to a Y102.12 low. The move also reflected losses in euro-yen, after the cross opened at Y139.09. It got up to an early high of Y139.12 but turned back after that, sliding to aY138.93 low as the euro weakened. Dollar-yen continued to hold near the lows through the early afternoon, seeing minor bounces capped at Y102.18, and was last at Y102.09. Stops are noted above Y102.40 and below Y101.95, Y101.75 and Y101.20. Euro-yen meanwhile was last at Y138.92.
