United Kingdom Retail Sales (YoY) increase 2.6% in Feb; 2.1% (MoM)

The opening price of 124.20 was tested before the release of the French PMI data that triggered a down move, only extended by the German drop below the 50.0 threshold in manufacturing. The EMU Composite confirmed a dark preliminary review of the PMI figures in March. The EUR/JPY went as low as 123.30.