Just when you thought it was safe to go out and sell that 17-member single currency, all things turn pear-shape for the remaining ‘bear’ as the EUR takes on a new big figure level with gusto, touching $1.31 for the first time since mid of last-month. Investors to date have diligently been pairing back their anti-EUR position, ever since Governor Kuroda from the Bank of Japan announced his aggressive new easing intentions last week. Japan’s surprise policy shift has raised expectations that real money investors will continue to pull money out of Japan and go Euro asset bargain hunting. The diligent single currency ... (full story)