US Nonfarm Productivity increase to 0.7% in 1Q from -1.7% in Q4 2012.

The Euro is rallying against the Japanese yen following the ECB decision to cut by 25 bps its interest rate to 0.50%. The EUR/USD has jumped 170 pips in the latest hour from intra-day low at 127.55 to break the 128.40, to trade above the 129.00 region and to reach fresh highest level since April 26 at 129.25.