Italy's Savona: ECB should indicate solutions to problems in banking system

Italy's European Affairs Minister Paolo Savona recently crossed the wires arguing that banks could be put in a difficult situation if Italy - Germany bond yield spread rises and nobody intervenes. "The ECH should indicate solutions to problems in the banking system, potentially intervene if there is a crisis," Savona further added, as reported by LiveSquawk.

 

USD/JPY’s daily candle is currently suggestive of exhaustion - Scotiabank

Analysts at Scotiabank explained that  JPY made a full retracement of its Asian session gains.  Key Quotes: "Domestic yields have fallen in response
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USD/CHF Technical Analysis: US Dollar bulls landing on the parity level after two-months bull-run

USD/CHF 4-hour chart Spot rate:                       1.0008 Relative change:            0.22%      High:                              1.0019
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