USDJPY breaks above 99.60 – orders
From forexlive.com
USDJPY and EURJPY are finding a bid following the US Treasury bond auction. The demand was slightly stronger than expected and indirect bidders were higher than April — perhaps suggesting offshore buyers (though I think that`s a stretch). Offers in the 99.50/60 range evaporated quickly. Look for buy stops above 99.75 and then some big offers and barriers line up at 99.90 to 100.00.
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