Usd/Jpy is attracting some selling interest currently, with 98.45 capping this morning’s rally, attention is now turning to the downside. US Yields are little changed from yesterday, a tad lower if anything, but Traders are looking to probe some sell stops located in the 97.75/80 area. Note too that the Japanese Retail FX market were short the Yen crosses as of Friday, but it seems a sell rallies mentality pervades, with exporters seen on the offer.
Usd/Jpy comes under renewed pressure
Source: www.forexlive.com
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