Quick look at order books in early Asian trade

Not much happening in the FX market this morning despite lower stockmarkets across the region.

• USD/JPY turnover above 102.75 was extremely heavy yesterday with Prime Brokers suggesting that macro longs were selling out of long positions on rallies;
• Bids around 102.00 from semi-state entities like Kampo;
• Elsewhere, AUD/NZD sell orders reported near 1.0700.