EUR/JPY continues to firm, breaking through the 10-day moving average at 112.55. We have not traded above that average since early May.
EUR/USD flirted with 1.2388 resistance while AUD/USD broke above 0.8500, triggering stops.
Chinese assurances that they will maintain their usual investment footing in Europe have been the main driver of prices today but moves have been exacerbated by thin pre-holiday markets and month-end flows.