Rumour central banks will open up swap lines again by end of day

Helping general risk sentiment, lifting EUR/JPY. The cross is presently at 118.00.

Central banks have at times coordinated with each other to provide liquidity. During financial crisis Federal Reserve entered into agreements to establish temporary reciprocal currency arrangement (central bank liquidity swap lines) with a number of other central banks. Those expired back in Febraury 2010.