Oil prices surge towards $100, as the Yen rises, but Japan needs to tread carefully

There are two big moves that are driving markets this morning, the first is the jump higher in the oil price. Brent crude oil surpassed a 6-week high and is up by 2% on Tuesday, and is trading above $99, its highest level since July. The WTI price is higher by more than 2% and is above $94.