Magnitude 7.1 earthquake hits Japan’s southern region, tsunami warnings issued

NHK is reporting that the earthquake have triggered tsunami warnings for several regions in the Japanese islands of Kyushu and Shikoku. These warnings are also extended to the Kagoshima and Ehime prefectures, with the Miyazaki prefecture the one impacted the most. The height of the tsunami is estimated to reach 1 metre.

The yen reaction so far hasn’t been too noticeable. USD/JPY is hovering around 145.70-80 levels still, keeping its track lower since the start of European morning trade.

This article was written by Justin Low at www.forexlive.com.