The earlier rally in EUR/JPY has come to an abrupt halt and we’re back down around 134.00. News that trading in Unicredit bank shares has been halted on extended losses will hardly be helping the euro’s cause. Meanwhile all European stockmarkets remain deeply in the red today, with the FTSE 100 currently off some 7 1/2%. Not surprisingly, U.S. stock futures are pointing to another horrible opening on Wall Street.