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Euro Pressure Eases, Yen Presses Upward

Euro traders are relieved and margin traders in Japan are not. It's time for your FX Fix.

Absent more bad news, the euro is getting a lift. [WSJ]

China's GDP showed annual growth of 9.5%, that was enough to boost the Australian dollar. [ibtimes.com]

With dollar-yen at its lowest level since just after the March earthquake, Japanese intervention could be in the offing. [WSJ]

Meanwhile, margin traders in Japan now hold record amounts of positions betting that the yen will weaken, J.P. Morgan estimates. [FT]

Schwab is going to let customers invest overseas in local currencies. [usatoday.com]

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