USD/JPY offers remain in the 90.60/80 area, traders report. Strong bids down at 89.70.
EUR/USD runs into central bank sales as Asian central banks begin to BUY their own currencies for a change and and unload euros bought to diversify holdings. Sales were seen starting at 1.2405; more seen toward 1.2450. SNB rumored to have sold EUR/USD in European trade. Spanish banking jitters are a weight on the euro today after the BOS took over one savings bank over the weekend and four institutions joined forces today.
Most pairs like Cable and AUD in a holding pattern as volatility takes a break…