Forex Flash: USD/JPY buys in the mid to low 81 area – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts observe the JPY consolidating last week's losses and that can be perceived by its non-reaction to the BoJ November meeting minutes: "Considering the dovishness of the Bank of Japan minutes overnight would suggest the JPY should have sold off, the outsized JPY gains also seem to be consolidative", wrote analysts Shaun Osborne and Greg Moore. "We have been broadly bearish on the JPY since just before the US election, but recently we have been looking for better entry levels", they added, aiming to buy USDJPY in the mid to low 81 area, although the 82.00 mark should provide decent support.