First appeared on eFXplus on May 28 - 09:40 PM
- USD/JPY off more, from 109.47 high earlier through 109.00 to 108.91.
- Japanese exporters good sellers into and after Tokyo fix, for month-end.
- With assumptions for current fiscal half at 105, plenty profits on 109.
- Large option expiries @109.00 to help tether later?
- Total USD1.66 bln between 108.80-109.05 strikes.
- Support @108.80, multiple lows in vicinity 5/4-8, 108.65 low May 4.
Thomson Reuters IFR Markets