USD/JPY has been gaining pretty much since the close of business in US trading, and accelerated in the past hour.

Yen has lost on the crosses as well

News flow is not accounting for it (there hasn't been anything of note, except out of China, another missing executive and a weaker yuan fix again also). USD/JPY buying said to be coming from real money accounts and a reserve manager. FWIW.

Currently around 122.08


Yen is not the only loser today so far. AUD, gold are both very heavy in the Asian morning

Currently 0.7253 and 1067.40 respectively