Trading has gotten off to a hectic start in Europe with EUR/JPY spiking higher, lifting EUR/USD and USD/JPY with it. Sources report that the move was triggered by a large Asian central bank (not Bank of Japan) aggressively buying EUR/JPY in a very illiquid market. With the interest seemingly done, the cross, EUR/USD and USD/JPY have all subsequently sold off. With EUR/JPY At 136.35 presently, we’re now little changed on the day.