I should have put up a headline like “FXWW legends monster EUR/JPY lower” but maybe not. 🙂
I still think there is a massive downside risk to the EUR from the developments in Cyprus and it will only take another very small ripple of discontent to cause a tidal-wave exodus from EZ asset markets. I certainly would not want to have money in the peripheral European banking system and perhaps that’s paranoia on my part, but I’m guessing that I’m not alone.