EUR/USD quickly closes in on 1.18
The euro was under pressure early in European trading but it finished strong and the momentum continued with a quick pop to 1.1794.
There are no headlines behind the move and the drama in Spain hasn't been a factor.
Part of the story is the rally in EUR/JPY, which is now up more than 100 pips on the day and has erased most of last week's decline.
