Remember when USD/JPY fell to the 80-handle? A big catalyst was Chinese buying of Japanese Government Bonds (JGBs) .
According to Bloomberg, China is now a seller of Japanese debt, concentrating on European debt instead.
We heard last week that China was a buyer of USD/JPY on dips to the 82.85 area…now we know why, apparently.
USD/JPY trades quietly around 83.33.
