The market is attributing that jump higher to Spanish and Saxony CPI figs that came in stronger than expected Spanish CPI november y/y +0.2% vs -0.1% prev Saxony y/y +1.4% vs +1.1% prev I’m not convinced that’s the only reason but given the paranoia on EZ inflation/disinflation/deflation it’s certainly feasible in thin liquidity EURUSD currently 1.3606 with more offers reported at 1.3615 EURJPY 139.06 from 139.14 highs EURGBP 0.8327 (full story)