The word in Asia today was that semi-official bids are around at 89.00 in USD/JPY. We saw a couple of nasty bounces off this level yesterday so it may be opportunity for nimble players. Beware though this is a dangerous market………………not quiet as bad as 2008 post Lehman but dangerous nevertheless. Liquidity is poor and moves are exaggerated. As mentioned earlier option volatility prices are through the roof in all pairs.