Traders report solid demand for JPY crosses this morning despite (or perhaps because of) their greatly elevated levels over the last day or two.
Real money accounts have been buyers of USD/JPY dips below 83.00 this morning while hedge funds have been solid buyers of AUD/JPY, GBP/JPY– and to a lesser extent– EUR/JPY.
USD/JPY trades at 83.02, EUR/JPY at 116.85.
