The Nikkei has picked up some more steam, now +2.5% and the JPY crosses are picking up bullish momentum. Watch for a clean break above 88.00 in USD/JPY to accelerate this short-term trend. Resistance levels in the majors are at 1.2665/70 in EUR/USD with stops seen above 1.2685 and 1.2700, and at the overnight highs of 1.5220 and .8665 in the cable and AUD/USD respectively and both of these pairs have trend line resistance slightly above these levels.