The Yen strengthened slightly as profit taking kicked in ahead of important technical resistance levels in EUR/JPY, AUD/JPY and USD/JPY. Dealers say that flows were relatively light all day and there was no sign of any hefty position shifts ahead of the maiden Kubota press conference at 6pm Tokyo time this evening.
The NZD strengthened early on the back of stronger-than-expected GDP data but most of these gains were given back as the market lost interest.