Falling below the overnight lows and the lowest level since the end of August. Bids seen at 97.50 are under threat as we hit a low of 97.53. We also have the broken May resistance line at 97.49 and the July line at 97.03.

USD/JPY H4 chart 30 09 2013

USD/JPY H4 chart 30 09 2013

GBP/JPY is bearing the brunt of the falls on the crosses down nearly 70 points over the last hour or so.