Still not hearing anything but it could be something “geo” as EUR/CHF got smashed as well.
USD taken out to 99.96
USD/CHF to 0.9303
EUR/CHF 1.2370
EUR/USD to 1.3301
Could well have been some option plays we weren’t aware of.
Update: USD/JPY now pushed down to 99.84.
EUR/USD ran stops through 1.3285, so we hear, which accelerated the pair through 1.3300. Offers up there has seen it off for now. Oil and gold are relatively calm so that mainly rules out any global event.