Japan Mar Exports (YoY) increase to 1.1% vs -2.9%

Following massive sell-off in EUR/USD today down -1.1% for the day, EUR/AUD was capped at fresh 5-week highs 1.2741 by very early London trade. The cross has corrected below the 50% Fibo retrace of latest daily down leg from early Feb 2013 highs at 1.3190 to late March double lows at 1.2220, located at 1.2700 round.