Markets have gone into drift mode following the Tokyo opening surge which saw the Nikkei up 6.5% at one stage. Many traders suggest it was official buying (plunge patrol) in order to restore confidence after the bourse closed down 10.5% yesterday (down 14.5% at one stage). Since then markets have settled down looking for headlines on fires/explosions at Japan’s nuclear plants. Some pairs are extremely quiet – USD/GBP for instance has held a 21 point range since yesterdays close. AUD/USD ran into a wall of sellers at 0.9950 and has moved back down to safer territory around 0.9920. EUR/USD has been buffeted by cross flows whilst USD/JPY holds around 80.90