JPY has experienced modest demand in early......>

YEN: JPY has experienced modest demand in early dealing. A report in the Nikkei

suggested that Japanese PM Abe knew of the Moritomo document doctoring days

before his public admission, although JPY was unreactive to the headlines, while

Japanese Economy Minister Motegi noted that the government will closely watch

the JPY (although this was a known as opposed to anything new).

- JGBs ticked higher at the open, which probably added to the case for JPY

demand.

- There have also been reports from CNN noting that new satellite imagery

examined by Western experts suggests North Korea has begun preliminary testing

of one of its nuclear reactors at the Yongbyon research facility. Markets have

not reacted to this story. 

- USDJPY now trades off of session lows, last ~106.30.