Forex News Traders

[Ataglance2]

01:57 USD/JPY: Easier As Early Demand Finally Abates Tokyo, March 21. USD/JPY has eased off a bit with early, importer-side demand at the Tokyo fix finally having abated. USD/JPY is currently trading around 99.40, still well above its 99.00/05 lows very early this morning however. Although standing bids cannot be seen, dealers do note continuing interest from Japanese importers towards 99.00 and below towards the 98.45 spike low overnight. Stops are eyed below 98.40 but more bids are tipped at 98.30 and towards 98.00. Topside, plenty of offers are seen, especially from 99.65 to 99.80, around 100.00 and then up to 100.25. Stops are eyed above the latter level though.