Attempts to recover from lows of $1.1781 in...>

FOREX: Attempts to recover from lows of $1.1781 in early Europe for Eur/Usd were

thwarted by release of weak German Industrial Production data, though reaction

partially offset by revisions. Rate eased from around $1.1793 to $1.1788 where

it met willing buyers. The pair extended lows through Wednesday's base of

$1.1781 to $1.1778. Traders were aware that a that a major US bank had stops

placed at $1.1775, from a recently announced trade recommendation. In late NY

reports that members of Germany's Social Democrats had agreed to open talks with

Chancellor Angela Merkel's conservatives (BBG) gave the Eur/Usd a lift up to

$1.1815 before heading sharply lower near day's lows of $1.1775. Usd/Jpy opened

firm in Europe, and rate moved through the Asia high to hold around the

Y112.60/65 area before second wave demand squeezed to Y112.69. Macro supply was

reported on approach to Y112.80. Pair pushed above this level in late NY as the

dollar gained renewed strength. Usd/Jpy last Y113.01. Recovery efforts in

Aud/Usd held shallow in early NY. Traders suggested barrier interest in place at

$0.7500. Although the pair edged lower in late NY the $0.7500 level was not

broken. Aud/Usd last 0.7509.