USD/JPY: Pushes Higher In Quiet European Trade

USD/JPY pushes higher in quiet European trade, with some US names covering shorts after the downside held in the earlier move lower. The market is lacking inspiration and is struggling to overcome offers ahead of the 118.00 area currently. A US investment house that sold on the way down is buying around these levels. Further offers are seen into the 118.25/30 area should this rally gain momentum.