A sharp spike higher in the Yen crosses was caused by macro accounts buying USD/JPY and a big European buying both EUR/JPY and GBP/JPY (must have heard I was selling). Not sure what was behind the surge at this stage. Plentiful sell orders were reported earlier in USD/JPY towards 79.80. The Nikkei has also moved quite sharply higher off earlier lows (almost as if someone’s suddenly heard rumours of easing measures perhaps?)