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USD/JPY Makes Firm Break To Fresh Weekly Lows

JPY
  • Downside in USDJPY persists through the NY crossover, with the pair at fresh session lows. USDJPY has now made a clean break through yesterday's lows to extend the losses off yesterday's highs to around 150 pips.
  • Intraday support undercuts at 135.15, the 61.8% retracement for the Friday - Tuesday upleg, but support seen stronger into 134.06.
  • Option interest in the pair clustered at Y135.00 and below, with $1.3bln rolling off between Y134.85-00.

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