Demand for CHF and JPY is on the up as the market frantically casts about for a safe-harbor from European and US debt concerns. Both/USD/JPY and EUR/JPY are easing with the same story playing out in USD/CHF and EUR/CHF.
GBP is being thrown on the scrap heap along with the dollar and euro, down about 30 ticks in the last 20 minutes…
USD/CHF now is at 0.8175, USD/JPY at 78.85.
