EUR/JPY has come off sharply in the last hour, falling just over a yen at this stage. The selling intensified at the 15:00 Fixing, Sending us down from the 107.15 area to present levels around 106.70.
Month-end ain’t for the faint of heart…
If there is more EUR/JPY selling to do and if central banks continue to buy around 84.00 than EUR/USD will bear the brunt of the movement…That pair is back below 1.2700 after peaking at 1.2744 an hour ago…guess there were some offers around after all…
