Euro zone January trade balance -14.8 bln

Weaker than median forecast of -11.5 bln.

Not hurting EUR/USD any, the pairing up at 1.4080.

Sources report a UK clearer buying decent clip of EUR/JPY in recent trade. Cross sits at 114.75.

Elsewhere, BOJ has managed to hold the line at 81.25 in USD/JPY. We’re touch firmer at 81.45.

UPDATE: Apparently not one, but two, UK clearers noted buying EUR/JPY in recent trade.