Central banks in Brazil, India, Japan, South Korea won’t stop investing in euro – Govt sources say in seperate interviews

• Brazil, India, Japan. S.Korea, Russian sources say few alternatives to euro, U.S. dollar despite fiscal outlook.

Story being run on Reuters will have helped give EUR/USD a boost. We’re presently up at 1.2245.

Unnamed sources have told Reuters in a series of interviews that some of the world’s richest central banks will not stop investing in the euro despite the sovereign debt crisis in Europe.

One anonymous Japanese government official says “Even if the dollar or the euro is in trouble, is there anywhere else to invest? Not really. There needs to be a certain degree of liquidity” adding “currencies of countries with capital controls won’t work, too. That leaves us with very few options. ”

EDIT: Suffice it to say, we’re seeing little followthrough so far. It’s the headline which grabs the attention rather than the story. Very hard to see it on it’s own giving euro lasting lift.