A weaker yen and Aussie dollar have been the main shows in town so far today. The Japanese currency is showing a 0.3% decline versus both the dollar and euro. There didn't appear to be a data or news catalyst behind the move, though there were reports of a 'real money' demand for USD-JPY, which logged a two-day high of 122.23. The pair has since settled around the 122.00 level but remains comfortably above yesterday's New York close at 121.56. EUR-JPY and other yen crosses saw a similar price action.
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