FinMin: Irish banking sector safe and secure
The government stands behind it, FinMin Lenihan says. Trouble for Lenihan is that the market is concerned that the government does not have the wherewithal if Irish banks take another leg to the downside.
Also on the wires, Italy’s Tremonti says that there is no concern among EU partners on Italian public debt.
EUR/USD is rebounding modestly in early afternoon trade, now at 1.2720, up from 1.2698 session lows.

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yep sound as a pound .. oh sorry a euro
hello Jamie, any news about usd/jpy billions Buy?
Like what?
about your post “Extremely large USD/JPY buying, to no avail”
Ok. What exactly would you like to know? I’m afraid I don’t understand the question…
sorry i think i read it wrong..
jamie what do you think the likelyhood of a squeeze lower in eur/chf and usd/jpy during asia hours?
May need some consolidation first but no strong feeling..Chrystal ball a bit staticy
Trend is strong…but the long term risk to reward seems appealing…stops under 1.28..my cystal ball be foggy for the longest time