FX Action: USD-JPY logged new highs while EUR-USD consolidated FX Action: USD-JPY logged new highs while EUR-USD consolidated the steep losses seen yesterday in the wake of the ECB's unexpected easing, holding above the 14-month low of 1.2920 in a narrow range that was capped by 1.2949. USD-JPY, meanwhile, rallied in early Tokyo through last December's major-trend peaks to a new high of 105.70, before subsequently ebbing back to the 105.30-40 area. The bid in USD-JPY was reportedly sparked by 'Gotobi' importer demand, which was quickly added to be stop- and option-related buying amid a bullish sentiment due to higher U.S. yields and expectations for a strong U.S. employment report today. Exporter offers and profit taking drove the retreat back under 105.50. Elsewhere, Cable edged out a new seven-month low of 1.6287. AUD-USD saw a narrow 0.9332-0.9341 range.