USD/JPY stumbles as Tokyo ramps up

Flows weighing on the pair

USD/JPY is quickly down to 107.10 from 107.35. That's a two-day low for the pair.

The better GDP numbers (and details) are good for Japan and may make it slightly less likely that the BOJ takes more action this year but this looks to be a flow-driven move more than anything.

So far, bids at 107.00 are holding. Beyond that is Monday's low of 106.83.

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