USD/JPY back around pre-quake levels
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