EUR/JPY has taken 125.00 without so much as a blip to the topside. A large number of barrier options were rumored there but the holders of the options seem to have given up trying to defend them. No sense throwing good money after bad, it would appear. Stocks are off six percent with about 25 minutes to go.
Next support for the cross is at 124.10, a level last seen in November 2003.
