Yen crosses are lower, USD/JPY under 114

We got an early taste of yen strength with USD/JPY dropping under Friday US time lows very early here in Asia

Also:

  • The Nikkei is lower
  • US 10 yrs are higher

Its just going 8.30am in Tokyo, so we have decent liquidity now ... it'll improve more though as Singapore and Hong Kong banks become more active (its an hour earlier in those two centres)

There is no fresh 'news' for the yen, we are seeing continuation of the US-time yen strength.

more to come