- Bank of England’s Weale: Sees significant risk of UK economic contraction in Q4
- Cyprus FinMin Shiarly: Bailout amount seen to be around 1.5 bln
- EU November flash composite PMI 45.8 from 45.7 in October
- Abe’s reflationary push bears risk of debt crisis - Marketnews
- Spanish auction results
- SNB’s Jordan: Franc cap ‘absolutely necessary’ - Interview in Tages-Anzeiger
- Has China’s long-awaited recovery finally arrived? - CNBC
More yen weakness this morning. USD/JPY up at 82.70 from early 82.45 having been as high as 82.82, EUR/JPY up at 106.40 from early 105.95 having been as high as `106.57. Japanese pension fund buying notable in the cross early.
Next hurdle for the USD/JPY bulls is 83.00 where barrier option interest is noted. Talk of decent sell orders lined up just ahead of this interest.
EUR/USD up marginally at 1.2865 from early 1.2845 having been as high as 1.2872. Sell orders seen clustered 1.2875/95, barrier option interest at 1.2900.
Cable down marginally at 1.5947 from early 1.5960.
