AUD,NZD/JPY crosses

Commodities slightly higher; risk trades follow suit

The Chinese leading indicators index rose more than expected, oil prices rose overnight after recent falls, and equity markets are at least not falling, all of which has led to a very modest rise in ‘risk’ trades with EUR/JPY 15 pips higher on the session and AUD/USD 20 pips higher. No flows of note have been reported so we should stay quiet until Europe opens.

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