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Euro Rebounds, Yen Recedes as Risk Appetite Returns

From news_archive.php?id=40691

[B][U]Talking Points[/U][/B] - Japanese yen: IP a bit better but carry appetite returns - Euro: hotter French PPI blunted by weak Retail data - Pound: Mortgage approvals in line - Canadian Dollar: Raw Materials on tap [B][U]Euro Rebounds, Yen Recedes as Risk Appetite Returns[/U][/B] The EURUSD bounced back as the week began driven higher primarily by the rebound in EURJPY which rose nearly 200 points off the session lows as risk appetite and demand for carry trades returned across the board. All the high yielders including GBPJPY, AUDJPY and NZDJPY we up materially during the night taking the component currencies ... (full story)

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