Citibank analists say that significant buying yen begin to influence the market and may lead to the closure of a gap on the USDJPY to 93.50 which constitute 64,5% of total orders. They note that the flow of clients applications is shifting in favor to go short for yen crosses.
In turn, 59% of the applications on the AUD/JPY are open short positions, as well as 53,7% of clients with short positions with EUR/JPY.