JPY crosses/USD/JPY

Yen crosses open in Tokyo with bid tone

USD/JPY is again knocking on the door of some sizeable offers at 80.00 and both EUR/USD and AUD/USD are 10 pips higher in quiet trade. The bullish momentum which appeared yesterday afternoon in the Yen crosses after the Shirakawa comments, still seems to have some legs.

  1. Pretty normal in USD/JPY Mike. I hear there was $3billion+ on offer near 80.00 so for 1.2yrds to change hands in 30 mins is not exceptional. It is huge when compared with cable or so where only 40/50mill might change hands in same period. It’s always been that way in Asia

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