- Dutch FinMin De Jager: Greece hasn’t met all conditions yet
- Iran’s ambassador to Russia: Tehran will accept no preliminary conditions for potential nuclear talks with global powers
- Spanish auction results
- French auction results. More French auction results (can never have too many auction results)
- Spain final Q4 GDP -0.3% q/q, +0.3% y/y, as flash estimate and as expected
- Japan govt keeps economic assessment unchanged in monthly report. Economy picking up slowly, remains in severe state after quake. Raises view on consumer spending for first time in 6 months
- Portugal Q4 unemployment rate 14%, up from 12.4% in Q3
OK OK, so the headline might be a little bit misleading. What can I tell ya, shit happens.
USD/JPY has seen some activity though, up at 78.80 from early 78.40, Japanese importer buying notable this morning.
EUR/USD down at 1.3000 from early 1.3015, having plummed the depths of 1.2983. Well touted barrier option interest at 1.3000 gave way in early trade but we didn’t get far before bounce.
Big German sold aggressively into the bounce around 1.3020 and we moved quickly back below 1.3000 to session low. Buying by ACB around lows subsequently helped steady the boat.
Sell stops now seen gathered through 1.2980, barrier option interest at 1.2950.
Cable effectively unchanged at 1.5670.
