EUR/USD was pushed below the 1.4750 level briefly as a wave of EUR/JPY stop-loss sell orders were triggered in the 135.35 area. AUD/JPY came under pressure as well, pushing AUD/USD through bids at the 0.9075 level. USD/JPY slumped quickly from around 91.10 to 90.80 at present.
Traders report heavy USD/CAD buying BY a US money-center bank. It now trades at 1.0835.