Another morning, another yen show
There's not an awful lot going on this morning but what we have seen is yen buying starting late Asia/Early Europe again.
Yen pairs 15m chart
Whatever the reason for it, be it month end, Japanese repatriation (usually will have been completed by now), it's a theme we keep seeing.
GBPJPY seems to hold the most weight still as cable has dipped to a low of 1.2445 as EURJPY holds up a bit better, and EURGBP firms a touch. EURUSD is going nowhere fast.
The Eurozone CPI data ta 9.00 GMT could be what kicks it into action but we have the final Q$ GDP data for the UK before that so GBP traders might have something to get hold of there.
