Forex - EUR/JPY, EUR/USD Flows: Options hunting? Going for 1.3000 EUR, 105 EUR/JPY.
Talks funds, Tokyo names, US funds, Europeans amongst good sellers, including interest from option players/names as traders said market is going for 1.3000 option barriers in EUR/USD and 105.00 options in EUR/JPY.
Risk aversion on concerns over Spain given rising borrowing costs and also global outlook concerns after slower China Q1 GDP of 8.1% - despite China widening CNY band - weighing on stocks and Cross/JPY.
EUR/USD at 1.3017-19, eye break of 1.3000 option barriers. Offers at 1.3030-50 now. Eye and Asian sovereign, China, options, M.E. buying, while not surprised to hear Swiss accounts, US funds, sovereign selling. EUR/JPY at 2-month lows around 105.35-39, eye break of 105.00 option barriers.