Traders report good sales of USD/JPY and EUR/JPY and it is EUR/USD that is paying the price. There must be some solid bids in USD/JPY this afternoon as real money has been selling with little effect and the cross trades at its lows.
If we get above 84.00, perhaps we can squeeze out some of the fresh shorts taken on the hope of a loss of 83.50.
EUR/USD has fallen as low as 1.2691 and EUR/JPY retested lows around 106.36. USD/JPY is at 83.78.