After a weekend of dreary headlines, downbeat newspaper articles, and perhaps more realism that the euro-zone's 17-nation glory-fest just won't make it, EURUSD has opened under 1.27. EURJPY is also holding well under 98, printing at 97.38 earlier - its lowest since mid December 2000. It appears that EUR is increasingly replacing JPY as the carry currency of choice.
[4]
EURUSD < 1.2700.
[5]
EURJPY <98 and at December 2000 levels
Charts: Bloomberg