#EURJPY down 77bp to 118.69. Rumors abound that…
Posted: 2017-02-22 12:01:23…the fall in French bonds and the slide in EURJPY are indicative Japan may be getting out of substantial holdings of French Bonds (OATS) and selling EUR back into JPY.
EURJPY offers are thick above, with large stops reported sub 118.50
Sentiment is now clearly biased toward JPY appreciation.