A little earlier today we had comments from Japan's 'top FX diplomat'

That's how Masatsugu Asakawa, vice minister of finance for international affairs, is often described. He is the chap responsible for giving the nod to the BOJ to take action in forex markets (intervention).

The reason I bring up his comments is that is pretty much the only thing of interest to come out of Japan today (we did get a speech from BOJ board member Funo ... but nothing much in that). And a 'flash' manufacturing PMI - lower but still strong.

The yen has slipped a little again today. Its been on the retreat all week, today is more of the same. USD/JPY higher, yen crosses higher alongside.


Oil and AUD both off a little also.