This is what @FXWW303 wrote in the chat-room a little earlier: “The BBC report on Tepco’s inaccurate readings of radiation at the Fukushima plant is damaging for Tepco’s shares, Nikkei and doll yn. www.bbc.co.uk/news/world-Asia-2391950 readings at Fukushima are in fact 18 times worse than what Tepco has been reporting due to their equipment maxed out at 100 millisieverts an hour whilst in fact the readings now show 1800 using better independent equipment.
Usd yn littered with sell odas topside.”
He favours being short intraday between 98.40/70. USD/JPY has gotten a bit of a boost this morning from the strong Chinese PMI data which has led to AUD/JPY buying.