Japanese yen is where the action is

The Japanese yen is seeing some accelerated strength as we head into the Japanese financial year end.

USD/JPY is down at 82.30 from around 82.65 when I sat down, the move accelerating after sell stops tripped through 82.50. Model funds notable sellers in recent trade.

Elsewhere EUR/JPY down at 109.75 from early 110.05, real money selling notable in recent trade.

Back with USD/JPY, talk of buy orders clustered down at 82.00/10.