Holds Y97.80 area and has been steady in recent action
after an early NY session bounce stalled out a pip or three above
Y98.00, leaving some residual supply in place there with offers
reported in place to Y98.10 ahead of additional supply a big figure
higher. Yen on an upswing overnight after a BOJ rate cut was met with a
steep slide in the Nikkei and a subsequent hangover feel for global
equities.