USD/JPY is down at 92.60 from an early 92.95, having a little earlier posted a 92.49 session low.
Sources report buy orders lined up at 92.40/60.
The pairing is being pressured by a number of factors. Among them heightened risk aversion today with European stocks, S&P futures underwater.
The poor toshin-related demand overnight, with the investment vehicles being less than 10% subscribed.
Also the weakness in the euro on increased Eastern European worries is pressuring EUR/JPY cross, inturn weighing on USD/JPY. EUR/JPY is presently down at 129.00 from an early 130.00.
Will be interesting to see whether aforementioned demand at 92.40/60 holds the line.
