EUR/USD is slipping back toward the 1.3125/30 area where it found central bank buyers earlier today. Equity markets are all lower (except for Milan, oddly) while bond yields are softer as well. US 10-year notes are at 1.93%, down nearly 5 bp on the day…

USD/JPY is stalling just below 78.50 with some EUR/JPY profit-taking helping keep a lid on that pair in addition to exporter offers.