Just as London sit’s down to a new session USD/JPY is on the front foot with a 20 pip rise

Can’t see any news behind the moves. I mentioned to Eamonn earlier that I would have expected more of a reaction to the better Japanese GDP figures overnight. Maybe we are seeing the reaction to it as traders hit their desks.

GBP & EUR v JPY are following the move while both cable and the euro give a little ground.