USDJPY orders 12 April - Contained still in a fragile world - ConsultFX

USDJPY orders 12 April - Contained still in a fragile world

Currently 106.85 tightly bound Option expiries in play with $1.8bln between107.00-50 capping the topside and $1.9bln between 106.00-55 providing the floor. Yesterday I warned that the attempt on 107.00 interest into expiry should be faded and indeed it was. Demand building again around 106.80Ranging still then and I remain a rally seller/yen buyer and jobbing back in