USD/JPY re-visits 100.00 as intra-day specs sell-off

FXstreet.com (Barcelona) - The Japanese Yen has been recouping most of the day losses in the last couple of hours of trading, following the tail, as usual, of the Nikkei 225, which is pulling back moderately from above a 2% rise.

In USD/JPY, as Haruya Ida from IFR Markets reports, "intra-day spec longs sold-out, yet bids still eyed from the option community around 100.00, with some $2 yards in expirations tipped here, more at 99.65, 99.50 strikes."

Technically, USD/JPY has been faced with heavy resistance at the Sept highs circa 100.30, leading to Asian specs to collect handsome weekly profits ahead of the weekend. On the downside, 90.80 - swing highs intraday - acts as immediate support now.

In EUR/JPY, talk is that Japanese exporters capped EURJPY, notes Matt Bacon-Hall from FX Beat.