USD/JPY was knocked back to the high 91.90s on just a 50 dollar order traders say, another in a string of stories about treacherous illiquidity as the year draws to a close.

The year-end fixing on Thursday could be good for some interesting fireworks…

EUR/USD is steady around 1.4353, USD/JPY has eased to 91.89 after topping out at 92.07.

Cable is at 1.5915 after a sharp fall which began on the approach of the 16:00 GMT fixing.