Usd/Jpy

USD/JPY pausing temporarily after its cross brings it down over the past few sessions. It appears that given the bid strength in JPY in the GBP/JPY & EUR/JPY crosses that is the reason USD/JPY component is at these levels whilst USD/CHF has yet to be offered to the extent of USD/JPY.

USD/JPY getting hit as its JPY counter gets strongly paid across the board.

USD/JPY very limited movement in a slow session, creating a small consolidation pattern.

USD/JPY gets bid higher even in spite of a JPY cross bid in EUR/JPY. USD bid was strong enough to see USD/JPY higher, which is emphasized when one looks @ the USD/CHF preceding this post which is a better indicator for overall USD strength.

USD/JPY trying to break out of its consolidation pattern too as JPY gets offered in the cross.

USD/JPY breaks out as there is positive news from US equities.

USD/JPY staying firm as GBP/JPY is stabilized by a relatively benign Sterling # at 4.30 am EST. It seem at this point that USD/JPY needs to be bid above 101.75 before it can muster up enough strength to see any respectable bids in the market. The market may be waiting for US CPI data out @ 8.30 am EST.

USD/JPY respecting its range and finding some nice bids which effectively took it into the 90's territory.

USD/JPY staying nicely contained within its range channel.

USD/JPY continues to get offered but paid off its lows just a few moments ago. At this point though, it looks like the market is just selling rallies though, especially on the back of a sidewinding cross (GBP/JPY).