I can only guess that we are seeing the last of the pre-election selling in USD/JPY and the JPY crosses. Today’s spot date is of course Friday, the last trading day before the election. I am hearing about lots of stops in USD/JPY below 93.60 and again below 93.00. I’m sure there’s also lots of buying interest, I just haven’t heard about it yet. Cable, AUD and EUR/USD have also fallen somewhat this morning along with the USD/JPY. We might yet have a busy day!