USD/JPY has come under heavy pressure this morning, presently down at 95.15 from an early 95.90.
Sources report heavy real money/systems selling in USD/JPY , while a Dutch asset manager has been seen selling the yen crosses aggressively.
Forex forecasts from Panasonic seem to have helped trigger the moves. They are assuming a USD/JPY rate of 93 for 2009/10 and 118.00 for EUR/JPY.
