First signs of move is Yen crosses higher. Some early Japanese demand is being seen on the crosses with EURJPY moving up to 137.50 area. First level of resistance is noted at yesterday’s high of 137.70, then 138.00. Waiting to see if exporters will be sellers towards 137.70 like yesterday.
EURUSD and USDJPY have both moved higher on the back of EURJPY. Local players also noted in the EURUSD buying mix.