USD/JPY saw a brief spike above 115, hit 115.25 posting a good 70 pip spike, markets suspect possible BoJ intervention.
- But the pair ran into fresh offers at highs, dragging it back below the 115 handle, currently trading at 114.76 levels.
- Yen appreciation past the 115.00 is undesirable, however fighting the market could prove to be a suicidal proposition for the BoJ.
- Japan's economic minister Ishihara was on the wires over the last hours, commenting on the Japanese economy.
- He said that Japan's economic fundamentals have been recovering and hope BOJ takes appropriate dialog with markets, appropriate action based on econ, price situation.
- Tokyo's Nikkei Average is extending downside on the day, down around 2.02 pct as we write.
- Technicals indicate further downside for the pair, immediate support is seen at 113.85 (Nov 10, 2014 low) and resistance at 115.85 (Feb 10 highs).
Recommendation: We would sell rallies around 115 levels, SL: 115.85, TP: 114.25/114/113.85


FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data 



