Yen Steadies, Euro Holds on Tight


The yen's slide stops and all eyes are on the European Central Bank - it's time for your FX Fix.

The euro held steady above $1.34 ahead of the European Central Bank's refinancing operation. [WSJ]

Japan's finance minister told his G20 counterparts that he would take firm measures against excessive moves in the yen. [CNBC]

The yen rebounded from multi-month lows against the dollar and the euro after a weeks-long selloff. [CNBC]

The dollar fell against the euro after the lower house of Germany's parliament approved the latest Greek bailout. []

The British pound was supported by data on the retail sector suggesting the economy may be recovering. []

Retail sales and trade data from Sweden beat expectations, suggesting the Swedish economy may have skirted the worst effects of the European debt crisis. [CNBC]



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