EUR/USD/JPY crosses

EUR/JPY: Resistance looming near 102.80

Lots of positive developments for the EUR today, with the Spanish bailout request moving into view, talk that a bond exchange deal is back on the table for Greek banks which could save them billions, and comments from Schaeuble that the EU should consider bigger steps towards fiscal union. EUR/JPY has been the main mover, up nearly 80 pips already today but there is some solid technical resistance (Oct 5th daily high) not far away near 102.80.

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