I’ve not had much success digging up the number of the truck which backed over USD/JPY after the US trade data. We were already on the move lower and the data didn’t help though it seems as though EUR/JPY could have been the catalyst given the headlines downplaying the odds of a Greek bailout package.
Thin markets, algos, pick your poison, I’m told. We’re rebounding now, at 89.55 89.75/80 is resistance on rebounds.
