Appetite for risk this afternoon seems to be diminishing as EURJPY tumbles back down thru 129.90. There was good support just under 130.00 after the earlier rally above 130.30, but those bids have given way and the fall has extended back into the 60’s. The short squeeze seen earlier today in USDJPY has also run out of puff as we pull back to 88.00 as Asian bourses trade in negative territory.