The demand for USDJPY heading into the fix a couple of hours, has continued as we head into the afternoon. USDJPY saw an initial spike from 91.60 to 91.75 with no retracement back under 91.60. Look for 91.50 area to continue to hold this afternoon as we look to test offers at 91.80 area and above. Having said that flows are reportedly very small.
Both EUR and AUD have slipped back a touch. EUR is back towards support at 1.4350, with some buyers at that level looking for a range play back up to 1.4400.