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 (08:38)

- 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.

07 Dec 2012 - 08:30 - Forex Geopolitical - Source: Newswires

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