USDJPY banging its head against strong offers via ForexLive

Currently 102.22 we've had a high post of 102.25 but there's a stack of offers between 102.25-30 as we've been reporting on the orderboard

Stop loss buying noted should we break 102.30 with another load of offers at 102.50

Elsewhere USDCHF is also at decent resistance levels with good offers at 0.9080 into 0.9100 but both pairs expected to see demand in the dips ahead of FOMC

Should Yellen&Co disappoint the bulls then we could see some messy knee-jerk reversals

posted via ForexLive