Forex: USD extremely choppy as Japan Fin Min Aso speaks (Barcelona) - USD has suddenly sold off on the back of Euro strength, with EUR/USD jumping from fresh session lows around the 1.3100 figure to recent session highs 1.3140 in less than 10 minutes time, last at 1.3132, as Japan Fin Min mentioned considering buying ESM bonds. USD index printed a double session low around 80.11, with volatility increasing in the intraday.

AUD/USD also bounced from recent fresh session lows around the 1.0490 mark, but much less than Euro, and now about back to previous lows, while USD/JPY also broke above to fresh session highs around 87.80, now back around 87.60 levels. At the same time Hong-Kong opens showing signs of risk aversion with Hang-Seng index down by -0.41%, while Nikkei is down -0.55%, and SP500 futures are unchanged.

Japan Fin Min Aso continues his speech while these lines are written, and EUR/USD trades at 1.3133. EUR/JPY spiked to fresh session highs at 115.25, now back around the 115 figure level. Very unstable price action markets at the moment.