EUR/JPY is firming at mid-morning despite a relatively week open on Wall Street. Shares are off their worst levels of the session but they traded down to the lowest level on the year on the Dow. We are now at 7900, down just over 1%. Markets are thin as London traders leave the dealing room to take advantage of the rare opportunity to make snow angels. (Man, those wings are itchy!)
EUR/USD has firmed to the 1.2790s. Strong sell offers are eyed in the 1.2815/20 region, dealers report. USD/JPY is at 89.45, putting the cross at 114.45, well above earlier lows at 113.13.
Just crossing the wires, Fitch says it affirms Spain’s AAA credit rating with a stable outlook.