EUR/USD: Drifts to 1.3570 as JPY Motors

A nice rebound in USD/JPY toward the 119.30 level has helped take some of the upside steam out of EUR/USD but cross buying is helping the single currency rekindle demand toward the 1.3570 level. Dealers see further buying interest toward 1.3550 but a few small trailing stops are starting to gather just below that level. Same story at 1.3525 with bids and stops just below. Dealers look for sustained EUR strength to be maintained this afternoon baring unforeseen events. EUR/USD trades at 1.3570.