EUR/JPY has pulled back two yen after failing to overcome resistance at the 131.00/05 area. Equities have given back half their gains as the market comes to grip with a move above $70 in crude prices as Opec begins to cut production. EUR/JPY looks as though it wants to retest the point from which it broke out this morning at 128.45. EUR/USD should find some support around the 129.00 level after shooting as high as 1.3028 late this morning.