Forex markets remain in lockstep with the equity markets. EUR/JPY recovered along with US shares shortly after the opening of the cash market and it has slipped right back as shares turned south again. We are down nearly 200 points on the Dow and EUR/JPY has come back down (now at 122.75) though not as quickly as equities.
The newswires should be busy this afternoon with G20 officials gathering in Washington. Beware the dreaded “tape bomb”.
