Another 100 pip drop for the EUR/USD and the fall in the Yen crosses also accelerated as risk aversion picked up steam. There were no major developments, it was more a case of bottom pickers (myself included), finally throwing in the towel in the face of unremitting bearishness.

There is plenty on the economic calendar, although no major releases, and the FX market will look to equity markets, EZ statements and China for leads.

Good luck today.