News of another JPY 1 trln in emergency funding to banks at 0.1% to help companies in the earthquake zone is helping give USD/JPY a fresh lift in quiet afternoon trade. We’ve drifted up about 20 pips since the strong ran on the Nikkei about two hours ago.
Sellers lie in the 83.20/30 zone with good-sized stops in the 83.35/40 area.
