EUR/USD testing resistance

After trying to ignore the stock rally for much of the session, EUR/USD and EUR/JPY have decided they can’t ignore the thaw in risk aversion any longer. EUR/USD has traded as high as 1.3137 and EUR/JPY 121.29 as the S&P surges 1.25%. Resistance lies in the 1.3145/50 window but stops loom just above that level.