The 31st of the month is often a busy day at fixings around the world as corporates who missed their value-date trade try to get their business done before the month end. We are seeing some exporter selling of USD/JPY at the moment but bids around 95.25 are expected to halt any major sell-off.
I’ll hand over to Sammy to take you through the next few hours and hopefully find a few gilt-edged day trades.