Published at 00:32 (GMT) 30 Jul

NZD/JPY, USD/JPY Flows - USD/JPY eye 8-m lows as DPJ "rules" out intervention on JPY (CDJC2501)

USD/JPY, Cross/JPY lower as DPJ official says strong JPY should dealt not with intervention, but monetary easing - thus taking risks of intervention off the table, at least for now. DPJ official says up to BoJ to decide policy, but buying more JGBs an option -Reuters. Risk aversion also weighing on Cross/JPY after series of weaker data, with Nikkei -1.02%, focus on US Q2 GDP today for signs of slowdown and China PMI on Sunday. USD/JPY at 86.50-55, eye 8-m lows of 86.27 again. AUD/JPY lower at 77.75-80, market very long eye break of 77.50. EUR, EUR/JPY weighed by huge Spanish coupons and redemption due today, with EUR/USD lower at 1.3053-55 from 1.3080 NY close, EUR/JPY at 112.93-95, down from 113.53 NY close. WL30 July 2010