Traders tell us that a UK clearing bank is the main seller in USD/JPY, shoving the pair down to 93.63 so far. Stops were triggered on the break of 93.75 lows posted earlier in Asia. Traders say the selling is for real money accounts, typically asset managers, but it is unclear if it is foe Japanese real money accounts, which would imply it is part of the Toshin selling that Sean has highlighted consistently this month.
93.25 is next support for USD/JPY; bids are eyed in the 93.50 area, traders report.
EUR/JPY bids are seen in the 133.00/10 window now that stops below 133.50 have been triggered.
EUR/USD has been dragged down to 1.4210 with the cross. Russian bids are rumored in the 1.4180/90 zone.
