Quick pop to 1.0860.
There is no news behind the jump in EURUSD to 1.0860. The pair skidding to 1.0805 on the strong US data but has stormed back to 1.0869. It looks as if some stops were tripped on the latest push above 1.0850.
The euro is exceedingly strong today for no particular reason. The ECB began lending in purchased bonds today so that might has sparked some inflows.
There are offers at 1.0870 and 1.0900.
Update: There is some talk if leveraged buying in EUR/JPY as a catalyst. It's up to 130.07 from 129.50 as US trading got underway.
Also talk of pre-Easter flows.