USD/JPY having opened down around 90.35 is ticking higher in early European trade, presently back up at 90.55.
JAL, as had been wholly expected, has decided to file for bankruptcy. Japan transport minister Maehara is to hold a news conference at 08:45 GMT.
Talk of Japanese real money accounts buying USD/JPY.
On downside, stops seen through 90.30 and again not surprisingly through 90.00.
Yesterday there was talk of Kampo with buying interest around current levels. Haven’t heard their name mentioned today, but any further slippage would probably hear their name mentioned.