EUR/JPY is easing on profit-taking after Philly Fed threw a wet blanket over the early-session rise in risk appetites. The cross has dipped back to 119.57 from 120.34 highs. Support comes in at 119.10 and 118.80 on the short-term charts.
Support for eur/usd comes in at 1.2680 and in usd/jpy at 93.90.
Equities are shedding their early gains and bonds have stabilized at higher yields as the reality of the depth and length of the US recession interrupted hopes that the market was beginning to look past the horrible present to a brighter future.
