The USD/JPY has dealt at 82.38 with no signs of a drastic run to the downside. Either the stops weren’t there, or certainly not in the size suggested, or, as is often the case there is a significant opposite interest ( in this case buying). During the last 45 minutes we have seen some good buying of EUR and EUR/JPY reversing 30 and 25 points and Cable and AUD & AUD/JPY are all looking healthier