Steadier emerging markets and a bounce in US shares are helping prompt a bounce in EUR/JPY. The short-term downtrend on the charts has been penetrated leaving resistance in the 120.85/95 region as the next hurdle for the cross.
EUR/USD is rallying toward the upper regions of its intraday range, now at 1.2580 (1.293 was the early NY high). Resistance is solid in the 1.2630/40 area. A break brightens the picture for the euro near-term.
