Despite the USD shake-down after the FOMC Minutes it’s not been enough to take USDJPY through the large swathe of bids into 107.75 that we’ve been highlighting lately
Currently 107.95 after lows of 107.79
Nikkei steady at 15,525 after lows of 15,489.70 and the rally is helping to support USDJPY so far
Buy the dips with a stop below 107.70 still seems to be the play. Next layer of bids behind that between 107.40-50
USDJPY Daily 9 Oct