Surprisingly there is not much happening in markets this afternoon. There hasn’t been a lot of major news out today so traders are just hunkering down waiting for more direction.
It will be interesting to see if USD/JPY can hold on to initial support at 93.48. The price is hovering just above at 93.51. A break below initial support could lead to a test of the next short-term area at 93.40 – a nice round number.
