Seeing moderate swings in Euro and cable as traders focus on JPY strength overlooking the point the Euro and Pound yen crosses are weaker than Dollaryen. If this is a flight trade I wonder how much safety these players will find.
EURUSD has traded down to 14375 (now 14393) while EURJPY sits at 14941 just above its low of 14936 thus far.
Spreads a bit improve from afternoon trading but still well above the norm, EURUSD 3.0 (0.8), GBPUSD 5.0 (3.0) and USDJPY 3.0 (2.0).
