We’re getting risk averse

Spanish bonds have weakened further, pushing yields to 5.08%. US yields are down to 1.80%. Equities are slightly soft. EUR/JPY is three yen off its highs…

Support comes in on the charts at 1.3245/50 with some buying in the 1.3260 area already. Stops are clustered in the 1.3235/40 area.

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General Risk Warning