USD/JPY Hints at a Bounce - Though Risks Remain

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USD/JPY Hints at a Bounce - Though Risks RemainU.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYCityIndexVolatility for the yen remains elevated, though lower than what it was at the end of July. And with USD/JPY holding above support, it is showing the potential for a bounce. Still, risks for the downside remain with the US and Japan joining forces to control yen strength. I therefore suspect bears will be seeking evidence of swing highs, in anticipation of another leg or two lower. MS