EUR/USD close to session highs above 1.04 right now

Yesterday the headline driven move which saw the EUR/USD rebound more than 100 pips, to reach a new rebound high at 1.0437. As covered here at the time, the comments from the President elect in respect of his planned trade policy sent the Euro back down almost as rapidly as it earlier rose. The EUR/USD slid to 1.0355. The subsequent price action saw it steady itself from there on and later close in the US at 1.0390. The price action this morning has seen it reclaim that 1.04 handle. The range seen so far has been covered by 1.0376 to 1.0409. The failure to the USD/JPY to hold an earlier break above 158 (more on that in a minute) is right now helping the EUR/USD to push higher and lift close to session highs right now