The EURUSD is holding above 1.4200 after an earlier bout of selling on the back of articles in the Financial Times and Nikkei that suggested that China’s meetings with US officials this week will re-affirm China’s need to buy US Treasuries. It found support just above 1.4170 on the back of EURJPY buying for a push back up towards 1.4220 as Asian stockmarket put in strong gains for the day. Analysts say the correlation between the FX and equity markets remains strong. Look for a break above 1.4230 for a push up to 1.4270/80.