There has been some demand for USDJPY and Jpy crosses heading into the fix. USDJPY up to 89.45 to 89.70 and EURJPY up from below 130 to above 130.30. EURJPY will need to move up thu 130.70 if we are to see further gains, but with Japanese Institutional sellers seen above 130.70, the move higher may not come in Asia. The next hour will tell us if the buying continues or whether it was fixing driven.
AUDJPY buying has been met with straight AUDUSD sellers after the GDP data was released. EURUSD,nthing to report for now, but Im thinking 1.4500 will be tested again over th next few hours.