• 82.80 a big level, ahead of even larger interest from 82.90 up to the figure.
  • 82.55/60 offers
  • There is selling interest even closer, 82.40 through to that 82.55/60 level.
  • On the downside 82.22/27 has initial bids
  • 82.10/15 bids
  • 82.05/10 again – and then good interest 81.90/82.00
  • USD/JPY is surrounded by interest at these levels. Likely further easing from the BOJ (increased asset buying and lending) on the near-term horizon is well discussed and will not come as a surprise. Demand does seem beefier than supply at present. The general election is on the 16th, still plenty of time for market moving comments from candidates and surprise opinion poll results. The FOMC on Wednesday is also awaited.