USD/JPY at 96.45 is little firmer on the day, having started off in Europe around 96.20.
The pairing will be garnering support from a report out overnight, which showed that Japanese investors last week increased purchases of overseas bonds to the most in a month.
The Ministry of Finance reported local investors bought 982 billion yen ($10.2 bln) more overseas bonds than they sold during the week.
This seems like an ongoing phenomena, and should lend USD/JPY decent support.
Indeed sources report decent-sized buy orders lined up down at 95.50/60.
