Global recovery concerns continue to weaken markets

G10 Advancers and Decliners vs USD
CHF 0.19
GBP 0.17
EUR 0.16
JPY 0.02
The JPY gained toward a 15-year high against the USD and strengthened for a third day versus the EUR as concern the global economic recovery is faltering spurred demand for the safest assets. Japan’s currency rose versus 15 of its 16 major counterparts as Industrial output in the EU probably grew 0.6% (prev. 1%) according to data to be released today and the US trade deficit expanded by a record…

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