USDJPY & Yen crosses bought into fix

There was buying of USDJPY and of the Yen crosses into the fix and post fix. EURJPY has traded just above 131.00 and USDJPY looks like it want to test the 87.00 level. Usually the buying subsides post fix, but today buyers have chased it higher and sellers are cautious of any surprise BOJ acts. The Nikkei, up 0.5%, reversing the early morning fall, has also helped the Jpy crosses higher.

AUDJPY buying has also dragged the AUD back up above 9270, where the sellers still stand. Range traders are selling here in the 70’s and buying them back below 50.