EUR/JPY’s furious rally stalled just shy of the 112.00 level prompting fast-money types to quickly book profits. The cross has dipped to 1411.60 and EUR/USD has eased to 1.2306.
EUR/USD’s high on this run was 1.2333, below the earlier 1.2343 high in late Asia. An Asian regional central bank was a seller at the highs earlier; I’ve not heard any talk yet of a repeat performance.
