Are we back to the old risk off/risk on paradigm? Feels like it, and risk is back in vogue. EUR/JPY is firming with stocks, commodities and and bond yields (at the back-end of the curve) all rising.
Hard to imagine we had a large terror attack in Moscow just hours ago, but risk is back.
Just crossing the wires, Strauss-Kahn says the IMF is in “perfect harmony” with the EU over the Greek debt plan. The IMF will only talk about the plan if Greece asks for help, the managing direct says.