Risk gets a lift this morning as China opens the door to the US to resolve trade differences

Not much more than a press conference and a few words

But the market’s risk bashing of the past few weeks is abating.JPY and CHF crosses rise between 0.5 and 1% with the Aud and Kiwi the major gainers .

From the opening :
EURJPY 130.15 from 129.30
GBPJPY 149.15 from 148.00
AUDJPY 81.30 from 80.56
NZDJPY 76.55 from 75.70
EURCHF 1.1730 from 1.1692

Equity futures enjoy the relief as well with S&P futs up 1% and Nasdaq futs up 1.25% writing this.
European stocks follow in the distance as not immediately involved in the Sino-American debate: Dax up 0.3 and Eurostoxx(sceptics) flat

Here’s the Reuters headline update

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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