EUR/USD: Runs up Toward Barrier as Durables Slide

More fuel for the fire as durable goods orders slip badly in January. US yields are falling as well, taking 10-years back below 4.60%. Dealers are keying off a sustained break of the 119.00 level in USD/JPY to throw their weight behind further USD losses. The "r" word was raised yesterday by Greenspan and calls will rise exponentially if existing home sales are weak at 15:00 GMT, given the ripple effect on the sub-prime and floating rate mortgage market. EUR/USD trades at 1.3235 after brushing 1.3245.