I thought AUD was a big loser today (well, it is) ... but yen is the biggest
After a strong start the yen has slid against the USD
USD/JPY up 75+ points from session lows
I dunno what is driving this jump, but there are a few explanations floating about (pick the one you like):
- Month end buying of USD
- Mkt short this morning now covering (USD/JPY was sold heavily earlier)
