USD/JPY gives ground as risk aversion climbs, US treasury yields come lower

We’re at 82.95 from around 83.25 at start of session. Risk aversion is on the increase, concerns about euro zone peripheries and situation on Korean peninsula still very much to the fore.

US treasury yields are lower as you’d expect on increased risk aversion, and this will be pressuring USD/JPY.

There will probably be some caution infront of 82.80 though; this the level at which China was said to be lying in wait yesterday.

Stops now seen gathering 82.70.