USD/JPY – Decent offers at 108.70 by Milan Cutkovic

The Morgan Stanley Heatmap shows there are offers in good size around the 108.70 level. Dealers also report offers from local corporate names between 108.80 and 108.80, while sell stops are said to be resting through 108.30. The pair came under pressure in Asia after Japan PM Abe joined several BoJ officials by expressing worries about the rapid JPY decline recently.

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