Osama bin laden dead

I found this report from Thompson interesting:

“USD/JPY remains
bid in Asia this morning, slowly grinding higher. Rumors that Osama Bin
Laden died in the recent Pakistan earthquakes have spread to the Asian
market, and may have been responsible for the move up in USD/JPY to a
fresh 17- month high of 114.72 a few minutes ago. The rumor looks to be
unfounded so far with USA Today reporting that U.S. officials are
cautioning against too much speculation, especially with little
evidence. It just may be that dealers are looking for an excuse, any
excuse, to buy more USD. Although option-related selling continues
ahead of presumed 114.75 barriers, it may be only a matter of hours if
not minutes before 114.75 is also taken out. Stops are eyed above but
more offers are seen likely ahead of large 115.00 option barriers.
USD/JPY trades 114.67/70.”

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