DAX up 0.9%, oil up three quarters of buck, gold at session high 1155.85, all signs that risk sentiment is in pretty good shape so far this morning.
Against this backdrop EUR/JPY has advanced from early 124.95 to 125.45 at writing.
Elsewhere, cable has tripped stops through 1.5320 and been as high as 1.5332, presently at 1.5323.
EDIT: Talk of stops in EUR/JPY just above 125.50 and again just above 125.70.