USD/JPY is trading a little firmer this morning, presently up at 92.05 from a North American close Tuesday around 91.65, with the yen seeing across the board weakness.
JAL shares fell sharply overnight. Media reports say that The Development Bank of Japan (biggest creditor) and Japanese Finance Ministry favour bankruptcy proceedings to restructure the airline. News won’t be helping yen.
Japanese securities houses have apparently been strong buyers of USD/JPY overnight.
Buy orders noted at 91.50 and 91,20, sell orders up at 92.20 and 92.50.
