Another dip toward trend lows was rebuffed and the DJIA close on an up-note for a change. EUR/JPY and EUR/USD both bounced back in line with the improved equity backdrop. The Dow ended up 150 points or 1.8% but the S&P rose a much more muted 1%. EUR/JPY finishes at 122.25, up from 121.00 intraday lows and EUR/USD at 1.2625 from 1.2570.