Positive territory on initial yen losses but closing off session highs as USDJPY retreats 13 Feb

  • high 19519.44
  • low 19418.18
  • Topix +0.49% at 1554.20
  • USDJPY 113.69 on session lows after the retreat from 114.17.It's a bit of a level up there as we highlighted in the order board on Friday.

Expect initial offers now into 114.00 . Demand nearby into 113.50.

Nikkei still closing on 2-week highs after a bit of initial; relief that the Trump/Abe talks produced little by way of nasty surprises, particularly on ccy manipulation.