USD/JPY opened at Y77.02 and managed a paltry Y76.96-Y77.05 range, continuing to be boxed by trailing bids from Y76.90 to Y76.50, with offers from Y77.10 up to Y77.40. Stops are seen down through Y76.50 and above Y77.40. EUR/JPY opened at Y100.24 and ran up to Y100.35 before steady selling eased the pair back to Y100.02, assisted by sovereign and fund selling in EUR/USD. Bids are seen layered from Y100.00 down to Y99.75 with stops below. Offers lie in wait ahead of Y100.50 with stops above, and again through Y101.00. AUD/JPY eased with the AUD/USD from Y81.15 to Y80.73, before steadying around Y80.80/85. Support seen towards Y80.50 with resistance into the 200 day MA around Y81.57. GBP/JPY slipped back from early highs of Y119.95 to Y119.65. BOJ left rates unchanged as expected, with BOJ stating economic activity had been largely flat, but with Japan now likely to return to a moderate recovery path.
EasyForexNews Research Team