Stops triggered below Thursday lows

Thursday’s lows around 1.3530 have given way with relative ease as EUR/USD dips briefly below the 1.3500 level. EUR/JPY is under heavy pressure with a long, deep recession expected to keep risk taking to a minimum in the foreseeable future. Minor supports come in at 1.3470 and 1.3430 but real support does not emerge until 1.3310, the low seen Tuesday morning in New York.