Traders report a very large bid at the 91.80 level in USD/JPY helping prompt traders to cover some shorts against the greenback as well as against the beleaguered euro.
The EUR/JPY short-covering has helped give the EUR/USD a lift back above the 1.24 level.
The cross is up to 114.20 from the 113.50 area and USD/JPY is at 92.05. EUR/USD trades at 1.2405.