USD/JPY back around pre-quake levels

Author: Pete Jackson | Category: News

Some obviously pretty decent bids sitting around the 82.20 area (low 82.175 on EBS), but  the pair clawed it way back to the 82.40’s after little reports of damage and panic subsides.  Talk now of offers  82.55/65 (includes  Asian highs of 82.57) and talk of buy stops through 82.80. Strong bids also sitting down at 82.00/10 with sell stops below through 81.85.

It’s likely  to remain range bound ahead of the US NFP’s this afternoon barring any more unforeseen news

USD’s presently sitting around 82.38