JPY – Risk Appetite Makes An Appearance

The JPY lost some ground to the USD as Asian bourses followed its international counterparts and staged an equities rally. Risk appetite made an appearance long enough to take the JPY lower, but it does remain in the stronger parts of its range -nonetheless and it will take several strong equity sessions to put a real dent in what has been a risk adverse crowd. Gold traded in a consolidated mode on Thursday reflecting the rather calm broad markets.

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