Orders: USDJPY well offered into 113.00

USDJPY order flow chatter 18 December 2017

Just a bit of market talk for USDJPY.

There are decent offers sitting in the market at 112.80/85 and 113.00, primarily from Japanese exporters. Those offers capped the demand seen into the Tokyo fix overnight. Some stops are lurking on a break of 113.00. Traders are also noting that liquidity is very low at the start of the week.

This week we see the BOJ conclude its monetary policy calendar for the year and there’s not a lotexpected from the meeting. Once again, we’ll be concentrating more on any language changes rather than any action but this is likely to be another ‘punt’ meeting.