USD/JPY has seen a low of 85.41 so far today after touching 85.93 earlier in the session and this has been the biggest mover amongst the majors. AUD/USD fell early in the session as the Nikkei inspired risk-averse trading but it has since rebounded after the strong trade data. The EUR and GBP are trading very close to their NY closing levels and its unlikely that either will move much now before Europe arrives.