USD/JPY hangs above 93.52/48

Unlike the previous two reviewed currency pairs, USD/JPY did not demonstrate any kind of noticeable response to yesterday's events. A support level at 93.52/48 is still present and is successfully denying attempts of the price to step lower. The bias of the pair is deemed to be to the upside, bearing in mind that daily and weekly technical indicators are largely bullish.

USD/JPY has become slightly more overbought since the previous report, as the portion of long positions has grown up to 73% and bears are in an even more distinct minority, constituting 27% of the market. As for the orders placed on the pair, 70% of them are intentions to purchase the greenback.