Traders report very poor liquidity in USD?JPY, with only a few hundred million dollars able to move the market 15 pips. Most days, you are lucky to move USD/JPY a pip or tow with that amount.
EUR/USD has accelerated after a series of comments from European officials. No one has any answers for the market, so the market just keeps selling.
The latest to hit the tape is the PM of Finland who says there is a risk that the Greek rescue package may not be effective enough. If EU politicians aren’t confident in the package, why should the markets be confident?
EUR/USD trades now at 1.2820 and EUR/JPY at 120.08, targeting 120.00 barriers.
