Dip buyers in USD/JPY are getting nervous as the greenback sinks in unison after the poor US services-sector PMI data. Stops are seen below 87.40 and again below 87.30 while buyers are seen starting around 87.00 and on down. Stops are mixed in on a break of 86.95.USD/JPY trades now at 87.50.
Word earlier today that China has been a buyer of Japanese short-term debt is giving the JPY safe-haven role new luster.
