There are fixings every hour on the hour though most of the business is conducted at the Tokyo fixing and the late London fixing at 15:00 GMT.

Loos like we had a buy order go through at the most recent fix, helping give EUR/USD a pop.

Some will blame a spongy US 5-year note auction, but that’s grasping at straws. They sold 5s at a record low yield at auction of 0.584%.

1.2170 remains key resistance intraday as EUR/USD rebounds from a test of the 50% retracement of its 1.2054/1.21705 London rally.