Flows and Orders/JPY crosses

JPY crosses probing higher in early Tokyo trade

EUR/JPY is trading above 107.00 in early Tokyo and the next level to watch is reported sell orders at 107.35. Some of the smaller crosses like CAD/JPY and NZD/JPY are being mentioned in interbank flow reports this morning which does suggest that the buying could be related to Toshins or investment fund issuances?

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