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Forex pairs in this Article » EUR/JPY, EUR/USD, USD/JPY (Barcelona) - After testing yesterday's low of 1.3316 as the European session opened, and keepin steady at 1.3320/40 range for most of the morning, the EURUSD has just returned to the downside and went as low as 1.3307 ahead of the US session.

Investors have been eyeing headlines on the G20 subject. EU's Rehn and ECB's Asmussen called for more focus on reforms and less attention to fiscal and monetary stimulus. ECB's Weidmann is against cutting interest rates further.

The G20 meeting is strengthening the JPY as Japan monetary policies are put into question. "USDJPY's corrective potential will increase on a push under 92 in the short run, ditto EURJPY below trend support at 123.00", wrote TD Securities analysts. "That will spill over into a heavy-looking EURUSD, which is pressuring key support at 1.3330 (40-day MA)", they explained.
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