Session Recap: Euro back above 1.3400, USD/JPY slumps (Córdoba) - The euro bounced from levels sub-1.3400 and reached a high of 1.3465 versus the greenback mainly supported by crosses. However, EUR/USD failed to break above that level and saw a short-lived pullback. Meanwhile the yen has had a wild ride in the wake of G7 statement and subsequent clarifications. USD/JPY slid from the 94.40 area toward the 93.20 zone.

Main Headlines in Europe (in chronological order):

Robust demand at Spanish debt auction

G7 statement reiterates opposition to currency manipulation

SNB's Jordan: Franc cap to remain in place

European equity markets advance Tuesday

G7 official says statement was misinterpreted, it signaled concern about yen – RTRS

Sorting out the yen circus

BoC's Carney: Economic growth expected to pick up through 2013

American equity markets pull back Tuesday

Draghi says Spain has made enormous progress since Nov 2011

Draghi says will only consider bond buys if there are major problems in mon pol transmission