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The Euro against the greenback dropped below the 1.30 psychological level, rebounded to 1.3040 cap and is now trading at 1.3009, in the shadow of the political uncertainty in Italy. Should the political leaders be unable to form any coalition, Italy could go for another round of elections in summer entering into several months of political instability. Additionally, at today's meeting of the 17-members Finance ministers Cyprus bail out would be discussed that could approximate the size of 18 bln. The USDJPY found lid at 93.70 on Friday and dropped to 93.28 due to Chinese stocks decline after Chinese government imposed measures to hold rising property prices. However during the weekend the BOJ nominee Haruhiko Kuroda, who is likely to be approved by parliament, said that the size and type of asset purchases is not enough to achieve its 2% inflation target, raising the USDJPY pair back to 93.70
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FX Volatility
High/Low daily close values derived from 20-day moving period; StDev annualized standard deviation of one month's daily returns.
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DEPOSIT METHODS
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