USD/JPY sales drive down the pair
A quick wave of selling into the London fix took USD/JPY down to 120.96 from 121.52 just moments before. That's one of the bigger fixing moves in awhile and might have been exaggerated by traders closing out yen shorts.
The dollar moves at the fix against the euro and pound added some volatility as well but the bulk of the action has been in the yen.
