News Headline Summary

Pacific Tsunami Warning Centre says no risk of widespread Tsunami from quake off Japan

- Tokyo Electric says no irregularities seen in radiation levels or cooling system at the Fukushima Daiichi Nuclear plant after the quake, no change in pressure or other parameters.

Reaction details:

- Upon the announcement of the Japanese quake, risk-off was observed in the FX markets, with the JPY strengthening against the USD in the initial move - bringing USD/JPY to session lows of 82.18. As further details emerged that nuclear operations and the BoJ's settlements system, the JPY pared some of the initial strength, bringing USD/JPY back up to 82.32 last.

Print 08:31, 07 Dec 2012 - Global News - Source: Newswires