European morning wrap: We were only playing leapfrog (well it beats trading forex in these slow markets)

Japanese government keeps economic assessment unchanged in March report BOE minutes: Voted 9-0 to keep rates on hold and 7-2 to keep QE at £325 bln in March UK February PSNB, ex financial sector intervention 15.183 bln, demonstrably worse than Reuter's median forecast of 8.0 bln.  Highest February borrowing since records began!! (cable loses quick half a cent or so) Dutch FinMin: To ask EU for an alternative to the financial transaction tax Greek Dep FinMin Sachinidis appointed Finance Minister ECB's Asmussen: No signs of speculative bubbles in Europe....for the moment Bomb explodes near Indonesian embassy in Paris, windows broekn, no casualties - Indonesia's chief political and security minister EUR/USD down marginally at 1.3240 from early 1.3265.  Early rally fizzled out when BIS stepped in selling 1.3275+.  Bund yields have come off and this has weighed a little on the pairing. Buy orders seen clustered 1.3200/20. Buy stops mentioned through 1.3285 before sell orders clustered 1.3300/25. USD/JPY up at 84.05 from early 83.70.  Japanese names seen buying CAD/JPY and CHF/JPY crosses early, helping underpin the spot rate.  Swiss name notable buyer in late morning trade helping us through 84.00. Barriers now seen 84.25 and 84.50. Cable touch lower at 1.5860 from around 1.5875 when I parked my bum.  We rallied early getting to 1.5923, but were already drifting back when very poor PSNB data (see above) put the skids under the pairing.  We dropped half a cent or so in double-quick time on the release.