0711 GMT [Dow Jones] JPY could prove a difficult play as the Japanese currency starts to give up its recent gains. UniCredit notes USD/JPY will be "sticky to the upside" as USD remains under siege from a rise in risk appetite. "We prefer going JPY-short against the EUR, AUD and NZD," the bank says. USD/JPY at 91.79 from the previous close of 91.28. (NEH)
Risk Appetite
Risk Appetite - Desire to take on risk which is usually positive for equities and high yielding currencies but negative for the dollar.
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