One minute you get a Japanese official fretting about the strong JPY on the wires. The next minute you get another saying the markets decide.
The latter comment is dominating the price action this morning as the greenback falls to a fresh trend low at 85.72 so far. Kampo was a rumored buyer at the 86.10 level overnight and earlier this morning but the market brushed them aside with relative ease.
Offers are layered up from 86.10 through 86.30 in USD/JPY near-term.
