Bloomberg: China Turns Seller Of Japanese Debt (ForexLive)

By Jamie Coleman  || January 12, 2011 at 15:09 GMT

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Remember when USD/JPY fell to the 80-handle? A big catalyst was Chinese buying of Japanese Government Bonds (JGBs) .

According to Bloomberg, China is now a seller of Japanese debt, concentrating on European debt instead.

We heard last week that China was a buyer of USD/JPY on dips to the 82.85 area…now we know why, apparently.

USD/JPY trades quietly around 83.33.