The JPY and to a slightly lesser extent the USD have seen across the board weakness overnight. Risk aversion is seemingly evaporating and risk appetite returning, as evidenced by surging Asian stockmarkets and improving commodity prices. USD/JPY is presently up at 98.60 having closed out in North America down around 97.40, while EUR/JPY is up at 130.20 from around 126.25. For today, technical resistances for USD/JPY lie up at 99.10 and then 99.70, while 100.00 is expected to be a fairly formidible psychological topside barrier.