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USD/JPY as high as 121.76

  • USD/JPY as high as 121.76 post-Tokyo fix, Gotobi demand seen.

  • Talk of decent buying of 3-month 125-strike USD calls.

  • 121.86 12/8 trend high test only a matter of time, looks at 124.14 '07 high.

  • Intra-day technical support climbing 121.44 hourly Ichimoku tenkan.

  • Hourly kijun below at 121.20, some 122.00 optionality, good expiries tomorrow. 

 

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