EUR/JPY opened appreciably higher in Europe, in a reversal of the risk aversion trade as the U.S. government moved to bailout AIG. However after a promising start in London the rally in EUR/JPY seems to be stalling somewhat, the cross presently around 150.00. I was interested to read comments from that esteemed George Soros regarding the present crisis. He opined “I’m afraid we’re not through the worst of it at all- in some ways we’re heading into the storm, rather than coming out of it.” Chilling words indeed.