Forex news for Asia trading Friday 11 November 2016
USD/JPY hung around at the high 106s for much of the Tokyo morning, but the selling ahead of 107 held firm (for now). As the morning drew closer to lunchtime USD/JPY dropped quite sharply, down to under 106.30 and a retest of the NY morning lows. Japanese news and data flow was light, not that we need much of these to move rates this week.