USD & JPY recover losses as US Stocks fall to lowest levels since 1997
Monday saw no let up in volatility as market illiquidity continued.
EUR/USD reversed all the gains made in Asia and much of those made on Friday after option related selling ahead of 1.3000 barriers proved to be insurmountable. With Asian central banks and speculative accounts selling into a weak market, the Euro was on extremely thin ice.
Pressure was also…