We are seeing a bit of a knee jerk reaction here following the China’s economic data. The Number which came in a touch stronger than expected was unfortunately in line with the morning leaks in the Chinese newspapers. Thus we saw a sell off in Yen crosses which had been holding up all morning. EURJPY back under 132.40 from 132.70 before the release. USDJPY also back 20 odd pips and AUDUSD sold back down under 80c.