USD/JPY presently at 98.70 is little changed from where we started off in Europe with trading having been confined to a relatively narrow range while the fun and games take place in EUR/USD and cable. Japan’s PM Taro Aso has announced a 27 trillion yen ($270 bln) stimulus package which includes credits and loans to help small businesses, a reduction in highway tolls and a cash payback to households. The PM said the move is intended to shore up the economy amid a “severe” financial outlook. How much this will stimulate the economy is probably a little debateable, as there’s a good chance the admirably frugal Japanese will just tuck their windfalls away for a rainy day.