A re-write of an earlier (about three hours ago) story of a fire at the No 4 reactor of the troubled Fukushima Daiichi plant has turned risk trades lower once more. The Nikkei has pared some of its gains to be up only 5.3% now whilst USD/JPY is back below 81.00. AUD/USD failed at 0.9950 and last trades at 0.9927. EUR/USD has been drifting lower all morning – albeit in modest amounts – as it gets buffeted by cross flows.