DislikedWait a Minute - Do you expect Jpy to strenght mate - If EJ Fall Harder (Euro Selling) UJ might be affected alsoIgnored
The EU leaders are off to the US now and they may be chastised in private by Obama for creating such a mess, so in desperation they will probably say something stupid to the media again and lose more credibility (if there is any left).
All in all it is not a good scene. The Euro still has a long way to go down. Maybe it will correct a bit first but today's correction (however small it was) and subsequent fade back down to the lows is convincing enough for me that it still has to go lower before going up again.
Now we see what happens Monday.
Have a great weekend
PT
Those who say it cannot be done should not interrupt those who are doing it