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ECB’s Mersch: Ultra easy monetary policy can't continue forever - RTRS

Reuters reports ECB Executive Board member Yves Mersch’s weekend comments, delivered at the Ambrosetti workshop in Cernobbio.

Key Quotes:

"It's true that we have a recovery that's firming, that's broadening both in geography and scope but it's still frail" 

"It's mostly predicated on the continuation of the extraordinary monetary policy that we have launched but this is a support that cannot go on forever" 

 

USD/JPY dips to 111.30 as treasury yields retreat

The USD/JPY pair reverses a spike above 111.50 levels and now meets fresh selling interest, as the treasury yields accelerate its retreat across the c
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FX option expiries for today NY cut

FX option expiries for today NY cut at 10:00ET, via DTCC, can be found below.  EURUSD: 1.0520 (EUR 221m) 1.0640-50 (680m) USDJPY: 110.00 (EUR 560m) 
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