The Japanese Yen is seeing accelerated gains with EUR/JPY presently at the days low of 150.50. As has been well-documented, the JPY garners support in times of uncertainty as the market becomes risk averse and looks for safe havens. Well these are most surely uncertain times!!! The only slight surprise is that the JPY didn’t really strengthen straight off the bat once it became clear the bailout package hadn’t been passed. It’s on a bit of a roll now though.