The JPY is seeing accelerated across the board losses, with the USD also struggling, as risk appetite returns. EUR/USD has advanced to 1.2900, while EUR/JPY is up at 128.25. Sentiment has certainly improved in the wake of the huge Chinese stimulus package announcement over the weekend and ahead of next weekends G20 summit. European stockmarkets continue to perform well with the DAX 30 now up close to 4%, while the FTSE 100 is up around 3 1/2%. U.S. futures are also doing well suggesting a robust opening for U.S. stockmarkets. Dow industrial futures are up 164 points. Meanwhile oil is trading higher, reflecting the improved sentiment.
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