USD/JPY has absorbed healthy offers on the way toward 95.00 but more big sellers are coming into the market. We hear Japan exporters are setting fresh sell orders at 95.00.

EUR/JPY has taken off to the upside, breaking out of its triangle and triggering a 135.00 barrier.

US equities have broken out to the topside as well, making new 2009 highs, giving a boost to all the risk trades but with the exception of EUR/JPY, they are still inside recent ranges.