Equity markets are nervous and USD/JPY is sitting just above important support levels with ‘liquidation-type’ stops being reported below 101.00. Friday’s are generally ‘risk-off’ events in Asia and I’m sure most traders will be focussing on the Yen crosses.

There isn’t a whole lot on the economic calendar, apart from China CPI, so positional adjustment will be the main market driver.

Good luck today and TGIF.