So much for the supposed asset manager flows in USD/JPY, the buying was very heavy and with Kampo sitting on any deep dips, the JPY finished the night on a very soft note. There was plenty of EUR/USD selling from ACBs and asset managers but demand from real money funds and also from EUR/JPY players, sees it open a bit higher than yesterday. The AUD and the NZD have made decent gains, the GBP is also a little higher overall and USD/CHF is still stalling below supposedly good-sized sell orders towards .9250.
Good luck today.
