GBP

I don't see everyone rushing for EUR. JPY buys EUR. For the cross there is apparently some short squeeze going on. Although a high risk I will open short EUR/USD short EUR/JPY somewhat later today.
I consider going long on US 10 y June note. I suppose PBOC doesn't move right now and does no tightening immediately BOC call options rally a bit.

@Shane: same question here! The rumoured Greece aid package must be bulletproof then, if seemengly everyone is rushing for EUR. But my guess is that this is not EUR long but short covering. After all weekend is tomorrow and who knows what will happen? I did the same: I closed my profitable eurusd shorts.

very choppy today and above all stupid rumors of greece bailout and i can bet there will be nothing in the cards for greece. Only time will heal the wounds.BBB- from downgrade by fitch will weigh on euro. excellent time to go short euro and gbp but keep tight sl as it is all choppy.

i am just keeping one short with sl at 1.54 thats all profit has been taken on the other so even if it gets messed up i will break even, anyways i am more sure now that it will not cross 1.5380 after repeated attempts but still managing my risk in this so uncertain market. Have a nice weekend everybody.

naaah, this latest up-leg is EUR-induced.

London, April 9. EUR/USD has risen to a 3-day high of 1.3439 as some short euro positions are squared on the back of the claim from a macro-political intelligence service that EU officials have reached an agreement in Brussels on funding a backstop deal for Greece. The name-in-the-frame reportedly says that the package will be a single "one-stop shop" between the other 15 EZ members, EU institutions, and the IMF. It also says that if Greece wants to tap the E20-25bn fund, it will have to apply to both the EU and the IMF jointly. The EZ share of the finance will allegedly take the form of bilateral loans at a rate higher than that of the IMF but well below those in the market.