As spreads widen and talk swirls of wealthy Greeks moving money offshore, traders turn their attention to the stock prices of Greek banks. National Bank of Greece (NBG is the symbol) is traded on the NYSE and is easy to track. It is down 6.3% so far today.
EUR/USD bids are eyed at the 1.3350 while another round of stops are seen around 1.3340.
In USD/JPY, traders report large stops around the 93.50 level, “comfortably” below the 93.77 support level.