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USD/JPY off overnight high

Nikkei closes day with small gain 12.15 point at 18,797.94. Fresh trend high of 18,865.39 seen in morning trading before lowering. USD/JPY on soggy side in Asia after rally to 119.51 overnight. Low of 119.11 in Asia. Lon…

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  • Nikkei closes day with small gain 12.15 point at 18,797.94.

  • Fresh trend high of 18,865.39 seen in morning trading before lowering.

  • USD/JPY on soggy side in Asia after rally to 119.51 overnight.

  • Low of 119.11 in Asia.

  • Longs chose to cap profits ahead of week and month-ends.

  • Option expiries at 119.00 and below and 119.50 and above bracketed market.

  • Bids eyed from Japanese investors, importers on dips into 118 level. 

 

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