Exporter sales have been evident today both in USDJPY and EURJPY, even before the stronger than expected Japanese data. Both pairs have bounced from their earlier lows but topside exporter sell orders still remain. Earlier, a semi-governmental Japanese entity, was the main seller, apparently in relation to US coupon payments later this month. Sellers are noted above 137.50 in EURJPY and above 97.70 in USDJPY. Downside, EURJPY buyers just below 137.00 and USDJPY buyers at 97.00 should be strong enough to stop any further falls in Asia today.