We've seen a steady rise in yen pairs this morning as the currency's perceived safe-haven status loses some appeal
Markets are slowly coming to terms with what's happened in Paris and while the on-going threats are real enough the aftermath is a little more settled than perhaps anticipated
Earlier I posted that Japanese corps were lowering their USDJPY sell orders, but with the first batch at 123.00 now history we wait to see if the next decent tranche into 123.20-50 manages to hold this impressive rally from 122.40 and Asian lows of 122.23
The move could be linked to the large option expiries today at 123.00 with one side keen to see it above the level. Can't be ruled out