Nikkei hangs onto gains and helps underpin yen pairs

It's been a better session for Japanese equities encouraged by a softer yen

Currently +1.21% at 15942, just off earlier session highs of 15959.37, but finding support in the retreat and that's helping to provide a bid to USDJPY below 108.20

Offers in place at 108.30 capping the rally so far with more into 108.50. I expect that higher level to hold which in turn should help cap any further Nikkei gains as we head into the close.

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