Yen crosses still edging lower in quiet Asian trade

• The NZD has been affected by talk of intervention from the RBNZ Gov as well as the slightly worse-than-expected jobs data;
• The AUD has edged lower alongside the NZD and has also been impacted by the slightly softer retail sales data;
• Regional equity markets are lower with the Nikkei almost 2.5% lower, this is obviously impacting on risk sentiment.

With cable stalling ahead of 1.70 and with USD/JPY having broken an important bullish trend-line, the focus during European trade could well turn to GBP/JPY.