regional stock markets in Asia are having a ripping day

But the EUR, not so much

It managed to pretty much hold on to its late US gain until early Tokyo, but has sinc e come off highs around 1.1210 (just above) to be under 1.1180 as I update.

The gains in 'risk' are being cited. AUD and NZd are having a good day. Even the CAD is doing a little better.

Last I checked, stocks:

  • Shanghai Comp +2.3%
  • Nikkei +5.6%
  • ASX -1.8%
  • Hang Seng +2.7%

Yen is slowly losing ground also, USD/JPY close to session highs around 120.35
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If there is any doubt about the role of China's equity market in currency moves in Asia, today is dispelling it. not over.