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USD/JPY bid in range after Nikkei closes up small

Nikkei closes session up 48.24 pts, 0.26% at 18,751.84. Offshore and Japanese investors look to buy dips. USD/JPY bid more in afternoon, up from 119.62 early to 119.91. Option expiries at 119.00 supported market. Large 1…

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  • Nikkei closes session up 48.24 pts, 0.26% at 18,751.84.

  • Offshore and Japanese investors look to buy dips.

  • USD/JPY bid more in afternoon, up from 119.62 early to 119.91.

  • Option expiries at 119.00 supported market.

  • Large 120.00 strikes to help limit pair's upside, $3.075 bln.

  • Bids from at 119.50, move down, some stops tipped below, offers 120.00+. 

 

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