Rising US equities and fresh Japanese investment flows into overseas instruments are helping lift USD/JPY this morning. The S&P 500 is up 2.5% as banks get a lift from the bad bank plan and $1.1 bln in flows announced overnight into overseas bonds is helping set the pace. Stop-loss buy orders above the 89.50 level have been triggered. Dealers are now eyeing the 90.07 level seen a week ago when USD/JPY topped out there before collapsing to test the trend lows at 87.10. Large stops are eyed above that level, many from macro-economic players betting on continued financial turmoil.