Having been contained below 102.00 we've now seen a burst higher 13 Sept
USDJPY had a few offers around 102.00 but now they've been chewed through and I hear stop-loss orders triggered to post 102.30 in a rush.
Not seeing anything in particular that might have caused the buying so we can just put it down to flows.
Yen pairs all higher and that's putting a bid under the core pairs too. EURJPY has posted 114.90 ahead of sell interest at 115.00 and that euro demand has given EURGBP another leg up to complete its trip to the 0.8470 target area so we should expect some pause even if not a solid cap.
