The 1.3530 area was a tough nut to crack on the way down this morning and it is also proving to be a resistance level as the market consolidates its latest losses.

A fresh round of EUR/JPY sales is helping keep EUR/USD capped as well as the cross slumps to fresh lows on the day at 121.74. USD/JPY is marginally above its 89.97 lows, now at 90.00.