US share prices have turned lower, oil prices have trimmed gains and EUR/USD’s rebound stalled toward 1.3920 again, prompting another wave of liquidation of the reflation trade.
A press conference with South Korean President Lee and US President Obama has turned the focus back on North Korea and destabilizing influence that regime has on the globe. This is helping undermine EUR/JPY as well as EUR/USD.
EUR/JPY has slipped back to 133.60 from morning highs at 135.40. EUR/US is at 1.3880.
