EUR/JPY sits presently at 139.60, about three big figures higher from where North America left it. The strong rally came in the wake of a surprisingly aggressive rate cut by the RBA. The Australian central bank slashed rates 100% (double the general expectation of 0.50%), which has boosted hopes other global governments/central banks are readying to step into the fray with an aggressive round of interest rate cuts. Elsewhere, as expected, the BOJ kept rates on hold at 0.5%.