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Yen crosses getting hit

Eamonn Sheridan
28/09/2020 | 00:58 GMT

EUR/JPY in particular, down to under 122.40 (straddling the level as I post)

For the tech folks its dropped un der its 100 day MA for the first time some May

Earlier on this session we had further reports of weekend jawboning from the ECB:

  • Another ECB member weighs in a warning about EUR - Visco worried by EUR strength - mentions intervention
  • ECB de Cos says no room for complacency on the euro exchange rate

Asia paying a bit of attention to these and taking out some EUR/JPY longs

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