Must monitor whether currency moves reflect speculation or economic fundamentals Stocks falling, yen rising partly due to uncertainty after elections in Europe Think incoming French president Hollande understands need for fiscal discipline USD/JPY sits at 79.77, pretty much unchanged from Friday’s North American close. EUR/JPY down at 103.75 from around 104.45 after the weekends French and Greek election results. Talk buy orders clustered down at 79.50/65, sell stops through 79.50. (full story)