Japanese Data Shows Marked Deterioration - Risk aversion elevated
The USD and the JPY during Asian session headed for their biggest monthly gains versus the EUR since October as growing evidence of a global slowdown increased. EUR/JPY is down 180 points to 114.97, EUR/USD fell to a low of 1.2876, and GBP/USD fell 100 points to 1.4190. Yesterday’s Wall Street session closed lower, as financials and weaker than expected US data weighed on sentiment. The major…