USD/JPY ran up to 100.55 on the news several moments ago that ratings agency Fitch has placed three of the big Japanese banks on ratings watch negative, meaning they are pondering a downgrade. The banks are Mizuho, Sumitomo Mitsui and Mitsubishi UFJ. Resistance comes in at 100.885 on the charts near-term.
EUR/JPY trades close to session lows, now at 132.00, weighed down by across the board weakness in the euro. EUR/GBP is back below 0.9000 after squeezing out a significant crop of short EUR/GBP punters earlier in the day. Chinese bids are helping form a base in the near-term in EUR/USD.
