EUR/USD - 1.4115 ... The single currency reversed early losses n hit a session high of 1.4138 (just abv y'day's top of 1.4135) after the release of better-than-expected JP Morgan results. JP Morgan said Q2 net income was $2.7 billion or $0.28 per share and stated that it had repaid in full the $25 billion Tarp preferred capital. However, euro's upside was limited somewhat as offers are reported at 1.4135/40 n further out at 1.4160/70. On the downside, bids only noted at 1.4055/60 with stops seen below 1.4050.
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