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Forex pairs in this Article » EUR/JPY, EUR/USD, USD/JPY (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that for the most part, the FX market is back to'business as usual'.

He sees that European Finance Ministers are not going to undermine the Euro and the G7 has resisted the temptation to try and stop the yen's decline and issued a bland call for market-determined FX rates instead. He writes, "EURUSD is slowly regaining some of the ground it lost as a result of Mario Draghi's dovish tone at last week's ECB meeting, and EURUSD vol is falling back. The yen is still weakening, and USDJPY vol is still rising. EURJPY is almost back to its highs."
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