EUR/JPY has seen accelerated losses, leaving 150.00 behind, presently down at 149.60. News that ING has turned down the opportunity to buy Fortis’s share of ABN Amro, even at a knockdown price, isn’t going to be doing the euro any favours. Fortis paid 24 bln euros for its stake and there was talk that ING might have been able to get it for as low as 7 bln euros. Heaven help the next European bank that finds itself needing to be bailed out.