Asian equities have turned and look headed for a strong close, with this we now look for a strong performance as well from Europe even as dow futures are already in positive territory. With little event risk going forward looks like we are likely to see a deeper pullback than what we have seen so far with initial expectations now pointing towards 61.8 Fib retracement among the Yen crosses drawn from the Wednesday highs, with entries at the break of the Fib 38.2 levels at 119.42 in EURJPY, 141.55 in GBPJPY and 59.53 in AUDJPY.