The euro traded softer in the wake of Eurozone PMI misses. EUR-USD dipped to an intraday low at 1.0931, subsequently recouping to the 1.0950 area but remaining well off yesterday’s nine-day high at 1.1018. EUR-JPY and other euro crosses also declined. USD-JPY traded narrowly, near 124.00. A decent Japanese manufacturing PMI report had little impact on the yen nor Japanese stock markets, which instead were more preoccupied by a much worse than expected China PMI outcome.