EURUSD

Jobless claims unexpectedly declined 7000. To 340/000 the consensus for a gain 3555.00

After initial dip, Euro recovers against dollar on strong bond auction in Spain and as ECB left rates unchanged at 0.75%. Sterling also recovers against dollar after BOE stand pat. But the biggest mover is found is the Japanese yen which suffers another round of sell off in crosses. And, USD/JPY also jumps through recent resistance of 94.55