The yen has staged a retreat after dive straight days of gains, pushing USD-JPY north, albeit briefly, of 109.00. The biggest mover out of the currencies we keep tabs on is AUD-JPY, which has gone from yesterday's biggest loser to today's biggest gainer with a gain of about 1.5% at the intraday highs. A combo of a generally weak dollar, the yen's proclivity to strength during risk-off phases in global markets, and PM Abe's "refrain from arbitrary intervention" remarks earlier in the week had been propelling USD-JPY lower and the yen higher against other currencies.
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