European morning wrap: Euro has good morning on high hopes of Greek deal later today

Greek FinMin:  Expects long period of uncertainty for Greece to end today German FinMin: 'Increasingly optimistic' of a Greek deal French FinMin:  We have all the elements for an agreement on Greece Austrian FinMin: Euro zone officials to discuss escrow account for Greek bailout package China's Xi:  Considers more involvement in EU debt crisis - Bloomberg ECB's Asmussen: Greece not a threat to World economy S&P downgrades coastal Greenland to 'CCC+';  outlook negative (polar bears up in arms) French February manufacturing industry morale stable at 92, as expected David Blanchflower:  The Bank of England gets it wrong yet again - The Independent Do you think I went a little overboard with the "high" hopes? Oh well, we'll see soon enough won't we.... EUR/USD up at 1.3255 from early 1.3205, having been as high as 1.3264.  Hedge funds been seen buying this morning.  EUR/JPY up at 105.50 from early 105.00.  USD/JPY sits at 79.53, effectively unchanged on the day. Trailing sell stops seen through 79.30. Sell orders clustered up at 79.90/00 ahead of well-documented 80.00 barrier option interest.  Buy stops above there. Cable pretty much unchanged at 1.5860, down about 10 pips since I got in.  EUR/GBP up at .8355 from early .8320, reflecting better-bid euro.