Yen Rises Ahead of NFP Release

JPY traded on a firmer footing as intra-day accounts pared back speculative positioning ahead of the U.S. NFP release. USD-JPY traded back in to the 95.00 area, where good size option strikes are due for expiry today. However, there are a congestion of strikes layered all the way up to 96.50 and include interest at 95.25, 95.50, 95.85 and 96.00. EUR-JPY traded in to the 136.50 area after running out of steam above 137.00 and GBP-JPY traded in to 159.00 amid broad based GBP selling following Thursday’s BoE policy decision. Elsewhere, AUD-JPY tracked the movement via EUR-JPY and traded down to 79.50 versus European opening levels above 80.00.