Mortgage apllications rose last week and are up a whopping 68% from this time last year. That is good news for the banks, which collect handsome fees on each new loan, and borrowers which see lower payments, freeing up cash for other purposes.
Equity marjets have turned to the topsidem helping give EUR/JPY, and the risk trade in general, a boost. EUR/JPY trades at 132.90 from 132.00 and hour ago.
