Take a look at the EURJPY. This morning's weakness in the equities market has pushed it just below 108. Fairly significant support is located around 107.50. The market hasn't pushed below that level since 2001.
The much anticipated meeting over the weekend of Japanese Prime Minister Naoto Kan and Bank of Japan governor Masaaki Shirakawa seems to have been a let down from those looking for more detailed discussion on possible BOJ intervention.
http://img843.imageshack.us/img843/2...pportlevel.png
The much anticipated meeting over the weekend of Japanese Prime Minister Naoto Kan and Bank of Japan governor Masaaki Shirakawa seems to have been a let down from those looking for more detailed discussion on possible BOJ intervention.