Yen Tumbled as Risk Appetite Returned, Euro to Extend Post ECB Rally It has been a very volatile week. Markets were firstly pressured by worries over the tension in Ukraine but risk appetite then struck a strong return. S&P 500 closed at new record high of 1878.04 while DOW also surged to close at 16452.72, within 100 pts from historical high of 16588.25. US treasury yield staged a strong rebound with both 30 year yield and 10 year yield taken out key near term resistance to indicate reversal. In the currency markets, Aussie and Kiwi were the strongest currency last week following rally in the stock markets. Euro came as the next strongest as boosted by the upbeat ECB press conference. Dollar survived a solid NFP report, despite other mixed data and ended the week mixed against other major currencies. Canadian dollar was the second weakest currency after disappointing job market data. Meanwhile, yen was the weakness following risk rally and rebound in US yields. Full Report Here... |   
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