USD/JPY ticks higher. Some interesting talk in market

USD/JPY is ticking higher in slow trade, presently at 98.15. There has been some interesting talk doing the rounds.

Nomura Securities is apparently scheduled to launch a mutual fund tomorrow. The total launch amount is some 1,100 billion yen, which is to be invested in AUD, BRL, ZAR and TRY.

There are expectations of related JPY selling against these currencies, mainly at the London WMR fixing Friday. Could help underpin USD/JPY.