USDJPY orders 8 March - Tightly bound still

Author: Mike Paterson | Category: Forex Orders

Currently 105.95 near session lows

Large options in play at 106.00 after the 105.50 interest has provided support this week, and very large interest at 107.00 still expected to provide supply should we get anywhere near. .
Barrier options at 105.00 will lend some further support should/when we get back down there.

Demand growing nearby around 105.80

I still prefer the USDJPY rally-sell/yen-long side for moment but Japanese year-end fast approaching to take out some of the yen demand.

Offers: 106.20  106.30 106.35 106.50 107.00

Bids:   105.80 105.65 105.50 105.20 105.00