USD/JPY is printing fresh 10-day lows at 77.53, right above 77.50 where “The interbank USD/JPY market reports plentiful bids near 77.50 with stops directly below,” says Sean Lee, founder at FXWW. Aussie is breaking higher to fresh session and weekly highs at 1.0474 USD, while EUR/USD is also at session highs at 1.2941, and gold and oil are near session highs too. Local share markets are all in the green, following the +0.96% gain in SP500 on Thursday.
Markets today had a lift in risk appetite once Spanish 2013 austerity budget was released, now awaiting for the banking sector stress test results, that according to John Noonan from IFR Markets “some reports say Spanish bank stress test results could be leaked at anytime.” Yesterday's PboC liquidity injection ahead of the one week holiday in China next week is also helping risk takers pushing USD lower.






