Currently 106.48 underpinned again
Too many attempts to hold it below 105.80 yesterday and growing interest on the 106.00 option expiries tomorrow might help to explain the current bid tones. Similarly though large interest at 107.00 tomorrow to help cap too.
Growing demand now into 106.20 with larger between 105.80-00. Offers/res around 106.65 with larger between 80-00.
I still prefer jobbing from the USDJPY rally-sell/yen-long side now above 106.50 or poised for a fade from current levels but with greater interest between 106.80-00 should we rally further.
Offers: 106.65106.80 106.95-00 107.20 107.50
Bids: 106.20 106.00 105.80 105.65 105.50 105.30 105.00
