• Japanese importers bids seen at 119.50 levels
  
  
• Japanese pension funds buying on dip near 119.50 reportedly
  
  
• Offers are seen around 120.00; sell stops are close to 119.00
  
  
• Soft Nikkei futures; 72 hour log correlation of +0.55
  
  
• Narrowing 5year UST/JGB yield spread; 30/60 day correlation is +0.70/+0.62