EUR/USD has fallen back into the 1.2360s. Dealers were surprised that it held up as well as it did after the horrid Philly Fed survey. After one last gasp up to 1.2413, we finally turned to the downside on risk aversion.
Traders say algos are at the helm as the focus turns to the World Cup among the human segment of the FX market.
USD/JPY sits on support in the 90.50/55 area amid heavy sales across the board.