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Sunday, January 8, 2012

EURUSD Opens Sub 1.27 And 11 Year Low Against JPY

Tyler Durden's picture
Submitted by Tyler Durden on 01/08/2012 15:40 -0500



After a weekend of dreary headlines, downbeat newspaper articles, and perhaps more realism that the euro-zone's 17-nation glory-fest just won't make it, EURUSD has opened under 1.27. EURJPY is also holding well under 98, printing at 97.38 earlier - its lowest since mid December 2000. It appears that EUR is increasingly replacing JPY as the carry currency of choice.

EURUSD < 1.2700.

EURJPY <98 and at December 2000 levels
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