01:45 USD/JPY: Up Another Leg Following Tokyo Fix, Demand Solid Tokyo, June 9. USD/JPY is up another leg following the Tokyo fix on solid demand out of Tokyo. Japanese importers were good buyers from around the 104.80 level. Earlier, following the push down to the 104.40 level, a semi-governmental Japanese entity also showing buying interest though to what degree they could buy is questionable. After trading up above 105.00, the pair has seen another leg higher with demand not receding following the Tokyo fix. USD/JPY has traded up to as high as 105.24/26 level seen currently. Resistance topside is still eyed ahead of 105.50, a level on the hourlies. [email protected]
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