This time yesterday morning there seemed to be a faint wiff of returning confidence in the air, but 24 hours later it has pretty much totally evaporated. EUR/JPY moved lower still in Asian trading, presently down at 134.00 from around 135.50 in late North American trade. Focus will now turn to the World bank/G7 four day meet in Washington. The proximity of the conflab, and the possibility they might just come up with something a little bit special to combat the present crisis, could serve to slow the risk aversion trade (for now anyway.)