Democratic Party of Japan leader Ozawa was questioned by prosecutors over the weekend, meaning the fund-raising scandal has reached the very highest levels of the new ruling party.
Combined with reduced jitters over Greece and Bernadine today, the political news is a yen negative.
USD/JPY is consolidating gains in the 90.30 region. The market has been locked in a 89.80/90.60 range and seems quite comfortable. A break of either end of the range should be good for about 80 pips of follow-through.
