USD/JPY is leading the way higher after comments from Bernanke and Summers encouraged short positions to cover. The JPY crosses are also higher and I’m told there are significant stops above 132.00 in EUR/JPY, if this s/t trend continues. EUR/USD has slipped down to 1.4740 and the AUD/USD to .9030 and buyers are likely to emerge in both pairs close to current levels.