Talk in circulation that a UK clearer is selling [GBP/YEN] for a fix at 8.00GMT with cross/Yen flows dominant in all trade. Heavy Aud/Yen sales tipped in the Tokyo session and Eur/Yen slammed in the opening hour of EU trade. M&A news adding weight to this pair, but essentially all of the flows now seeing yesterday's musings on heavy Japanese repatriation, now make a more telling blow on sentiment. Although no specifics were quoted on Tuesday, the rumour mill suggested the Japanese players would be heavily repatriating Yen over the course of 10-14 days.