Stocks trade at session highs, up better than 2% on average. This has helped underpin EUR/JPY, the traditional risk baraometer, as well as commodity currencies like AUD/USD, now at 0.6722. Meals are enjoying a strong rally today, dragging up indexes like the CRB up 0.8%.
USD/JPY trades at session highs of 92.00. Keep an eye on yesterday’s spike high at 92.23.
