US auto sales are slowing, down about 7% from May, CNBC reports. The are up some from a year ago when both Chrysler and GM were tumbling into bankruptcy.
Equities are recovering the bulk of their losses, which is helping USD/JPY.
EUR/USD is close to session highs, decoupling completely from equities today. Expect options protection in the 1.2490/1.2500 area and stop-loss buying above 1.2500. Bids are seen now at 1.2435/40 on dips.
