Yen crosses better bid post China data

FXstreet.com (Bali) - The Japanese Yen is being offered in the last minutes before Tokyo goes on its mid-morning break, with the Nikkei paring half its day losses, as better-than-expected China GDP Q4 encourages risk taking bets in the Asian region.

USD/JPY en route to retest technical level

The USD/JPY, on the back of sustained weakness in the first 2 hours of Tokyo, has been able to rotate higher up to 104.10 at the moment, with both the hourly tenkan and kijun lines faced overhead, followed by old-support-turned-resistance at 104.20.

Traders have been buying back the AUD/JPY quite heavily on China's data dump, also helping the bid tome in all Yen crosses.