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USD/JPY boosted on strong USD

  • USD strength, Nikkei rebounds into TSE AM close assists USD/JPY up.

  • Nikkei closes TSE AM session up small, reverses modest early losses.

  • USD bought against NZD, AUD, USD/JPY up from 118.78 to 119.10.

  • Despite upward trend, pair still in 118-119.50 range, option headwind topside.

  • Offers seen from 119.50 - Japan exporters, option expiries from 119.55. 

 

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