As I wrote earlier, normally one sees USD buying and JPY selling on the 10th of the month but today we are seeing the opposite with JPY buying pushing the USD/JPY to a session low at 97.17 and EUR/JPY to 136.70. Not much in the way of bids until 96.60 in USD/JPY I’m told, but it is doubtful whether the market has the momentum to challenge thoses levels.
JPY buying into the fix
Source: www.forexlive.com
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