- USD/JPY has pared some of the early gains after hitting a session high of 124.37 and is currently trading at 124.20
- Trading was subdued in Asia due to the Japan Marine day holiday today
- Japan's trade balance due Thursday in focus, forecast is for a surplus of $5 billion
- 500m worth of 123.85 option strikes during the NY cut today likely to attract
R1: 124.46 (Daily High Jun 18)
R2: 124.57 (76.4% Fibo 125.86-120.41)
R3: 124.63 (Daily High Jun 10)
Support Levels:
S1: 123.96 (Session Low Jul 20)
S2: 123.92 (Daily Low Jul 17)
S3: 123.74 (Daily Low Jul 16)


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