Jpy remained under pressure through Asia......>

FOREX: Jpy remained under pressure through Asia and into early Europe which

allowed Usd/Jpy to extend recent gains to Y113.15, the move in Asia and Europe

led by Eur/Jpy demand which saw the cross rally to a high of Y133.62. Move led

Eur/Usd to a fresh high of $1.1822 in Europe where it met resistance from its

61.8% retracement level of the recent drop back from $1.1880 to Wednesday's low

of $1.1730. Sharp reversal in Eur/Jpy to Y132.48 led Usd/Jpy to drop back to

Y112.54, Eur/Usd to $1.1768. Equity losses, Catalonia uncertainty as well as as

the much mentioned 30-year anniversary of Black Monday cited as drivers. Pairs

were off their respective pullback lows in late morning trade. Sterling was on

the back foot in early European trade, release of disappointing UK Retail Sales

added further weight as cable extended its pullback from earlier Asian high of

$1.3228 to $1.3126. Cable recovered late morning to $1.3155 but move lagged

Eur/Usd's stronger recovery back above $1.1800 which kept Eur/Gbp buoyed. US

initial jobless claims, Phila Fed due up in the US session.