Looks like we may be in for a day of stop-loss hunting with markets somewhat thinned by traders trying to figure out the ripple-effects economically from today’s huge Japanese earthquake. Stops in the 1.3855/60 region may become vulnerable as a result.
Later today we will get some chatter from the EU heads of state as they meet to try and hash out a competitiveness pact. No final decisions are expected, with that seen taking place later this month (March 24-25).
